Decrease in Short-Term House Rentals in Funchal

… bucking the national trend with 20% drop

Funchal, where fewer short-term rentals are available

The presence of advertisements for short-term rental periods experienced significant increases at a national level – in Vila Real (200%), Guarda (100%) and Leiria (100%) in the last quarter of 2023 compared to the same period last year. Unlike 11 large Portuguese cities that showed increases in this indicator, in Funchal, supply recorded a drop of 20%, according to information released this Monday by real estate company Idealista.

The supply of houses for temporary rentals also increased in the cities of Braga (93%), Évora (75%), Lisbon (68%), Viseu (50%), Setúbal (46%), Coimbra (35%), Faro ( 29%) and Ponta Delgada (29%). There were also four cities where supply stagnated and five where it fell, with Beja leading the declines.

With this increase in supply, there was also an increase in the market share of short-term rentals in the various cities. In Ponta Delgada, 18% of available housing is intended for short-term rental, while in Faro, the percentage is 17% of the total. Next are Évora (13%), Funchal (11%), Lisbon (10%) and Guarda (10%). Below these values ​​are the markets of Viana do Castelo (9%), Vila Real (8%), Porto (8%), Aveiro (7%), Coimbra (6.8%), Portalegre (6.7 %), Setúbal (6.7%), Braga (6.6%), Leiria (6%) and Castelo Branco (5.1%).

Looks like the market is shifting quite noticeably in Madeira?

Lifeguard

Lifeguards recruited

Frente MarFunchal has opened registration for the lifeguard course.

The course will run from March 22nd until April 12th.

For more information, call 291 105 760 or send an email to Recursoshumanos@frentemarfunchal.pt.

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Part of this post was modified using AI after a Chatbot was installed as an experiment

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A new, vastly improved “search” facility has been introduced allowing readers to search (box in the sidebar above) on any word or phrase used in any of the posts over the last sixteen years. Previously the search facility only returned matches on headings rather than the entire content. It remains to be seen whether this will slow the blog down – fingers crossed! If it works it should move the blog even further ahead of the increasing number of imitators, providing a huge resource for visitors and residents.

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all the Incidental News from Madeira ….

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

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A new, vastly improved “search” facility has been introduced allowing readers to search (box in the sidebar above) on any word or phrase used in any of the posts over the last sixteen years. Previously the search facility only returned matches on headings rather than the entire content. It remains to be seen whether this will slow the blog down – fingers crossed! If it works it should move the blog even further ahead of the increasing number of imitators, providing a huge resource for visitors and residents.

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