Madeira Ranks 4th in Luxury Home Demand Among Americans
Madeira GuideMadeira has emerged as the 4th most sought-after region for luxury homes by Americans, following Lisbon, Faro, and Porto, driven by the 'Trump effect'.
Madeira has become a prime destination for American buyers seeking luxury homes, ranking as the fourth most popular region in Portugal after Lisbon, Faro, and Porto. This trend is largely attributed to the 'Trump effect', which has seen an increase in interest from U.S. citizens.
Currently, Americans account for approximately 12% of the international demand for luxury homes in Portugal, making them the second most active nationality in this market, surpassed only by the British. In Madeira, this interest translates to 6.1% of the total luxury home inquiries.
The data, sourced from the real estate portal idealista.pt, reveals that most searches are for properties valued over one million euros. This surge in demand highlights Madeira's appeal not only for its scenic beauty and favorable climate but also for its promising real estate market.
The 'Trump effect' refers to the policy and economic changes during the Trump administration that encouraged investment overseas, with Portugal being a favored destination due to its attractive golden visa program and favorable living conditions.
Madeira, known for its stunning landscapes and vibrant culture, offers a unique blend of tranquility and modern amenities, making it an ideal location for luxury investments. This trend is indicative of a broader interest in Portugal as a whole, driven by its strategic location, economic stability, and quality of life.
Sources
Madeira Guide
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