Despite its proximity to Africa, Madeira still oozes charm that’s clearly Portuguese. Credited with some of the most extraordinary living standards in Europe and with a year-round climate that’s simply second to none, Madeira is a favourite among holidaymakers and second home buyers across Europe and beyond. From the rocky beaches to the world’s largest evergreen forest and every sleepy village in between, Madeira is the kind of place that by its very nature feels a million miles from the real world. As far as investment opportunities go, the overwhelming majority of international investors buy in for short-term holiday rental properties. Rental yields are moderate and overall buying costs are average, but with constant demand throughout the year from a consistently growing tourist crowd, demand for rooms and properties almost always outstrips supply.