
Growing city in Madeira with investment potential. Average prices: €3,288/m². 56% below Lisbon prices.
Annual price growth: 4.2% · Forecast: positive · up
Area: Madeira · town · Investment category: coastal · 12,000 apartments · 250 new units/year
Character and Identity: A picturesque and colorful fishing village. The boats come ashore.
National Role: A tourist symbol, immortalized in the paintings of Winston Churchill who used to vacation here.
Historical Development: The first place where the explorers landed.
Interesting Facts: The local drink ("Poncha" - sugarcane rum, honey, and lemon) was born here as a fisherman's remedy against colds. The local frightening-looking fish (Espada Preto) is caught here from great depths.
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