Funchal, A Prime Destination for Real Estate Investments
Considering a second home for vacations or contemplating a lucrative investment? Funchal, Madeira, might just be the perfect answer. At MadeiraHauskauf, we understand that purchasing a second property is a monumental decision. Whether it’s a holiday home or a potential income source, we’re here to guide you.
A recent analysis by Compare the Market ranked Funchal as the 5th best city worldwide for real estate investments.
Why Funchal, Madeira?
Funchal’s ranking was determined by evaluating seven crucial aspects:
- Available activities
- Restaurants
- Average monthly expenses for a family of four
- Property price per square meter
- Crime rate
- Average temperature
- Annual precipitation
With a score of 6.41 out of 10, Funchal excels with its pleasant climate and low crime rate. The average cost of living is approximately €1,966 per month, and the average property price per square meter is €1,729.
Funchal has been the historic capital of the island for over five centuries. The city’s name, “Funchal,” derives from a local herb called “foeniculum vulgare” or fennel in Portuguese, known as “funcho.” Historically, the city was referred to as the “White Gold City” due to its sugar production.
Experience Funchal
Funchal offers a blend of natural beauty and urban charm. From shopping centers and museums to the lively Zona Velha or Old Town, there’s something for everyone. Nature enthusiasts can explore Pico do Areeiro, one of Madeira’s highest peaks, or relax in Santa Catarina Park. Funchal’s Ecological Park offers mountainous landscapes and hiking trails, making it evident why Funchal is a top choice for real estate investments.
With a diverse selection of properties, from apartments and plots of land to townhouses, MadeiraHauskauf can help you find the ideal investment in Funchal. For further insights into the island of Madeira, take a look at our comprehensive guide.
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