Madeira neighborhood guide
Caniço property guide for foreign buyers (2026)
Eastern Funchal-suburb-now-town — closer to the airport than Funchal centre, growing residential mid-rise belt, value-tier alternative to Funchal proper.
Median price / m²
€2,840
Rental / m² / month
€10.5
Gross yield
4.6%
Foreign-buyer share
24%
Who buys in Caniço
Mid-budget foreign buyers and Portuguese-resident families. Average ticket €260k-€520k for apartments.
Transport and access
Madeira airport 12 min by car. Bus to Funchal centre 18 min.
Lifestyle, services, and amenities
Quinta Splendida Wellness Resort, Caniço de Baixo coastal lido, Roca Mar diving school. Quieter than Funchal centre.
Property types in Caniço
Mid-rise apartment blocks 80-150 m², some 2010s+ developments with sea views.
Cost-to-buy: IMT + Stamp Duty + notary
Use the calculator below to model the exact IMT, Stamp Duty (0.8%), and notary estimate for your specific purchase price in Caniço. The calculator uses the 2026 mainland Portugal brackets and handles primary residence vs other and resident vs non-resident scales.
Portugal IMT calculator (2026 brackets)
Property transfer tax + Stamp Duty + notary estimate on a Portuguese urban residential purchase. AT 2026 mainland brackets.
Estimated total transaction tax
€9,711
4.27% on top of the purchase price
- IMT (property transfer tax)
- €6,694
- Effective IMT rate
- 2.95%
- Marginal IMT bracket
- €194,458 – €324,058 @ 7.0%
- Stamp Duty (0.8%)
- €1,818
- Notary + registry (estimate)
- €1,200
Estimates based on Autoridade Tributária (AT) 2026 mainland brackets. Real IMT charged at escritura may differ if the assessed tax value (VPT) exceeds the purchase price, in which case AT charges on the higher number. Confirm with your Portuguese lawyer before closing.
Next steps
For the full buying process from offer to keys, see our complete buyer guide for foreigners. For mortgage rates and LTV for non-residents, see our mortgage guide. For the Portuguese tax-residency framework see our NHR / IFICI guide.
Other Madeira neighborhoods
São Martinho
€3,980/m²
Premium residential parish of Funchal west of the city centre — Hotel Zone, Lido swimming complex, ocean-view apartment belt, and the densest 5-star hotel concentration in Madeira.
Funchal
€3,380/m²
The capital and largest city of Madeira — port, cable car, levada trails, the Old Town and the central market. The densest foreign-buyer stock on the island.
Estreito de Câmara de Lobos
€2,780/m²
Hill town above Câmara de Lobos — Madeira wine vineyards, sweeping Atlantic views, lower-density and meaningfully lower pricing than Funchal coastal stock.
Calheta
€2,940/m²
Sunniest municipality on Madeira's south-west coast — artificial yellow-sand beach, Casino da Calheta, growing foreign-buyer presence since 2020.