PROPERTY PRICES IN MADEIRA ISLAND FALL BY 20% TO 30%
Property values in Madeira Island have fallen by 20 to 30% according to a recent article published this week in one of the local reputable newspapers. Banks have become more conservative in their evaluations of property and clients’ credit loan applications. This finding was based on research carried out by the newspaper via several sources in the property industry from financial institution property valuators, construction companies, property developers and mediators/agents and brokers, where the general consensus is that property values have dropped between 20-30% during the last 6 months. Now is the time to buy and if you’re thinking of buying property in Madeira Island, visit our property portfolio or email us with your requirements.