Many people consider Madeira Island to be the most beautiful place in the world. Often referred to as the “Island of Love,” this lush tropical paradise is situated in the middle of Atlantic Sea. Its crystal-clear water and sandy beaches draw crowds from all over the world. Placed within the European Union’s Free Trade Association (EFTA), Madeira’s financial and trading privileges make it a great place to live, work and play.
What Buyers Want from a Real Estate Professional
Most people think of Madeira Island as an exclusive vacation spot only open to the rich and famous. However, there is a school of thought that believes anyone can live on Madeira— regardless of income or social class. This is because this island is rich in natural beauty, history and culture. Plus, it has a thriving real estate market with many desirable properties. In this regard, Madeira real estate is a great investment for those seeking to rent out or sell their house.
One popular idea regarding real estate on Madeira involves renting out one’s house to make extra money each month. Ideally set up as a guesthouse or villa with separate entrance, this enables homeowners to work while they relax during their sojourn on the island. After all, vacation time doesn’t have to mean spending all your money; rental agreements can cover expenses so that you can enjoy your time on Madeira without emptying your wallet.
When looking for real estate on Madeira, one must keep in mind that besides natural beauty, you also want good schools and convenient transportation from work or school. Although most residents commute from east or other towns on the island, large buses regularly run between towns so commuting isn’t an issue for everyone either way. Furthermore, properties located near the city center might be more expensive than those further away but will be more convenient for daily errands or for traveling back and forth to work or school every day.
Living on Madeira sounds like an idyllic way to spend one’s days; however, selling your house would be even better since this area is so ideal for both buying and selling real estate properties. If you do choose to sell your house, note that property prices have been increasing steadily since 2008— although not as quickly as some other areas in Europe — so your property may still retain its value despite decreased interest in purchasing new homes on Madeira Island today.
