Property Prices, GROWING SOCIAL SEGREGATION IN FUNCHAL

Tobi Hughes·
Madeira News

The CDU Municipal Representative, Herlanda Amado, said this morning that “the processes of degradation, the lack of rigor and demand in the preservation of historic centers by regional entities, make few feel included in Funchal, built by PSD and PS, where only some enjoy the city to the full, while others are expelled from their places of identity, living in the “ghetto” city.

The municipal deputy was speaking about an initiative carried out in Largo dos Varadouros, near the gates of Funchal, where she denounced the growing social segregation imposed on the people of Funchal.

“The illusion of offering housing developments that would face the lack of housing in Funchal has been announced, but these are only for those who have money. Examples of the thousands of homes that will be built where the average sale exceeds any affordable value for workers half a million euros to buy a house for those who live on their income, when most receive the minimum wage? How is it possible to rent a house when the values ​​reach 800 or 1000 euros/month?”, he questioned.

An installation was made at Portas da Cidade: 100 pairs of shoes, representing the thousands who were being expelled from the city.

From Jornal Madeira

Property prices are pretty shocking at the moment,  anyone from the island looking to buy or rent long-term its finding it almost impossible with the huge increase in prices.

Someone sent me this property in Arco Calheta,  it was advertised as a T1 1 bedroom,  but I contacted Idealista to have this changed as clearly from the photos its a studio T0, which they have now done.

T0 arco Calheta 770.00 a month

These stupid prices can’t stay for much longer,  when minimum wage here is 4.55 euros per hour.,  then 11% social security off that,  and any tax which may need paying.  I really don’t know how families are surviving.  Then the added problem of landlords kicking tennents out,  as they know they can get far greater rents now,  leaving people with nowhere to go.

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Tobi Hughes

10 Responses

  1. It will happen as on the other 100% of popular european cities: locals with low incomes will move to the outskirs of the city. There are cheap houses in Sao Roque, Monte, Sao Goncalo, etc. Yes, living in the centre of the main city is expensive. Nothing new here…

  2. Just so you know, CDU is the communist party that strongly supports Putin’s invasion of Ukraine whose consequences include, for instance, very expensive fuel, gas and electricity. All that low income families needed.

  3. There is only one way to stop this happening: prevent rich people from buying or renting homes and moving here. That’s not going to happen. As a place increases in value, you pay more to live there, just the way it is. Any place that depends on tourism knows that there is a world of difference between the experience of locals and that of rich visitors. Way of the world.

  4. Madeira is squeezing the last out of the broke tourists before the island becomes a play ground for the rich.

  5. An economist will tell you we need hyper inflation to pay for the pandemic.
    Do you know the UK treasury has only within the past ten years paid off the debt (bonds) of the 14-18 war. Now the County (UK) is two trillions in debt.

    Now we have conglomerates controlling our energy, food and water security. Let’s just wait for the Social Unrest Globally.

    1. Your facts ref war debt are way off.
      And although the recent increase in national debt has been via a need to fund through a pandemic and now another war, its been the main policy of labour since the Tony Blair government ( he incidentally told us all he could be trusted with economy, h couldn’t be trusted with anything other than to feather his own best)

  6. In Berlin this process has been going on for several decades now. We call it “gentrification”. Whole city districts, especially areas where families of regular people used to live undergo luxury remodelling, and get sold. Prenzlauer Berg, formerly a workers, students and poor artists district saw a 95% exchange of people. Berliners have left it. Now you see lots of brass plates on the houses with names of laywers and consultants on them. What you won’t find there anymore though is life. That is why I also left that area that has turned into a toy train plate.

  7. Lawyers and consultants don’t live life? An area needs to be poor to satisfy the condescending desire for run-down but “full of life” neighbourhoods and joyful penniless souls? Let’s not romanticise poverty. I’ll take an affluent, nice, clean, safe area over the “colourful” dirty areas with “character”, thanks.

  8. It’s peculiar in the previous article we are told of the ridiculous prices being asked for concert tickets, way, way over the official price. The concert will be a sell out yet here we are talking about people can’t afford housing.
    Here in the UK, today’s Saturday Telegraph, the front page headlines scream the Government must do something about the energy prices, people are going to die, even people earning £45,000 pa. need help. Pages 2 and 3 are a two page spread advert for Boodle’s, a London based, very up market jewelers. If any of our readers can help me to understand these two stories I’m sure Maurice and I would be grateful.

    1. The energy prices in the UK are going to kill thousands, its so sad, I dont this is affecting us to much here at the monent, but supermarket prices seem to go up every time I visit…

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