A trend of foreign residents and investors selling property and leaving Madeira is gaining momentum. Several interrelated factors are driving this shift, as reported by local sources.
Key reasons cited include global geopolitical instability and economic uncertainty. Changes to Portugal's tax and visa regimes, such as the end of the Non-Habitual Resident (NHR) program and Golden Visa revisions, have also altered the financial incentives that initially attracted many foreigners.
The rising cost of living on the island, coupled with infrastructure pressure from growing tourism and expatriate populations, also contributes to the decision. Some residents who sought a quiet lifestyle feel the island has become busier, prompting relocations to quieter areas or returns to their home countries.
