Reports suggest that some foreign property owners are selling their homes in Madeira and returning to their home countries. Geopolitical instability has been cited as one of the reasons behind these decisions, as reported by RTP Madeira on August 27th.
However, the scale of this movement remains unknown, with no figures provided to indicate how many properties or owners are involved. The ADN Madeira party suggests that a significant increase in supply could ease pressure on the housing market, but warns that the region's housing policy should not rely on international instability.
If the reported sales lead to a genuine increase in supply, ADN Madeira believes it could offer buyers more choice and strengthen their negotiating position. Nevertheless, there is no guarantee this will happen, as many properties may remain unaffordable for local residents or be purchased by other international buyers.
