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Europe: Madeira
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Properties for sale in Madeira

Madeira is a Portuguese island situated in the north Atlantic Ocean and although it is part of the African Plate, some 650 km (400 miles) off the coast of Africa, it belongs politically and culturally to Europe, some 860 km (535 miles) from the mainland.

It is a popular year-round resort, noted for its scenic beauty, food and wine, flowers, and embroidery and other cultural heritage. The friendly local people know how to enjoy themselves, including its famous New Year's Eve celebrations that feature a spectacular fireworks show which is the largest in the world according to the Guinness World Records.

The Madeira climate offers very mild average temperatures of 24ºC in the summer and 16ºC in the winter, and a moderate level of humidity. The seawater temperature is also very mild, because of the influence of the warm Gulf current, presenting averages of 22ºC in the summer and 18º in the winter.

The property market here is experiencing substantial capital growth at present due to limited availability and demand from overseas purchasers who either know and love the island or are investors looking for good rental returns that are possible in Madeira.

 

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