If you like nature, outdoor activities, and a relaxed pace of life, then you’ll love living in Madeira. Plus, the island is very safe and has warm weather all year round. It’s the perfect destination for families, retirees and remote workers – especially those seeking a route to eventual EU citizenship via Portugal.
Is Madeira Island a good place to retire?
Madeira offers a range of favorable conditions that make it one of the best places in Portugal to retire to. Aside from its breathtaking landscapes and mild climate, Madeira is a very affordable place, where the prices of real estate, utilities, transport and use of technology are relatively low.
What is life like in Madeira?
Moderate climate, but unstable
The island of Madeira is characterised by an amazingly mild climate, all year round, ranging between 25º Centigrade in the summer, and 17º Centigrade in the winter, and with very moderate humidity.
Are people in Madeira friendly?
The climate, the landscape, the genuinely laid back and friendly people all make Madeira an increasingly popular choice for those seeking a real alternative location overseas. The slow-paced lifestyle suits those looking to enjoy peace and quiet. Madeira also offers everything one might need for a comfortable life.
Is it expensive to live in Madeira?
Family of four estimated monthly costs are 2,021$ (1,884€) without rent. A single person estimated monthly costs are 565$ (527€) without rent. Funchal is 54.47% less expensive than New York (without rent). Rent in Funchal is, on average, 77.49% lower than in New York.
Where do most expats live in Madeira?
Most expats live in Funchal (the capital), Ponta do Sol, Calheta, or Caniço.
Is Madeira a poor island?
With money and support of the European Union, things have already improved a lot for this autonomous region of Portugal. In the year 1988 Madeira was still one of the poorest regions in the Union with the gross domestic product (GDP) per head being only 39.9% of the European average.
How many expats live on Madeira?
As the largest island in the Madeira archipelago, the island of Madeira has around 245,000 inhabitants in 2021. Of these, 105,000 live in the capital, the city of Funchal. In Madeira, 69.8% of the population is of working age and 3.7% is formed by foreigners with legal status of residence.
What are the cons of living in Portugal?
– CON: The slow pace might take some time getting used to
Expats may find some aspects of Portuguese culture frustrating, such as the slow pace of life. Locals are not generally in a hurry to resolve issues or deal with problems, and this can slow down bureaucratic processes considerably.