Mortgage credit drops

12 cruise ships to debut

Mortgage headline in JM

JM reports that Madeiran families are showing signs of a decline in access to mortgages to purchase a home. Since the beginning of this year, the value of credits has been decreasing, reversing the previous trend in mortgages. At the end of June, there was €20m less debt than at the end of 2022. Inflation in Madeira is rising and is higher than the national average.

12 cruise ships to debut

By the end of this year, around a dozen cruise ships will make their first stop in Funchal. according to schedules released by the Port Authority in anticipation of the cruise traffic returning as autumn approaches.

New Continente Modelo opens tomorrow

The same newspaper confirms a report here earlier last weekend that the new Continente Modelo Monumental store will be inaugurated this Thursday, September 14th, at 11:30 am, in a ceremony that will be attended by representatives of public and private entities.

The new store is located in the São Lucas Building, on Estrada Monumental 440, very near the “Fallen Angel” roundabout.

The Continente brand has been present in Madeira since 1996 and currently promotes 1,150 jobs with the support of 80 local producers who supply the stores. In the region, Continente supports 36 social institutions every day.

“Nice day for a walk by the sea”

Providing a contrast to the overwhelming number of stories relating to the numerous political parties in the archipelago preparing for the elections in 10 days, JM’s website adds a more down-to-earth report that today may be a “nice day for a walk by the sea”.

the Portuguese Weather Institute, IPMA, are predicting periods of very cloudy skies. with any showers being generally light, and as usual more frequent on the northern slopes and in the highlands of the island of Madeira. Light to moderate wind (10 to 30 km/h) from the northeast. Maximum temperature of 28º and minimum of 21º

All the incidental news …

All the incidental news from Madeira – up to 60 reports per day – is being continually picked up automatically, translated, and instantly posted on our sister website, madeiraislandnews, no matter how trivial:

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