Looking To Rent A House In Madeira? Get Ready To Pay An Average Of 1,650 Euros
In May 2024, Madeira ranked among the most expensive places to rent a house in Portugal, with an average rent of 1,650 euros per month, according to a study by Imovirtual.com. This marked a significant increase of 57.14% compared to the same month last year, when the average rent was 1,050 euros per month.
Madeira, Lisbon And Faro Are Taking The Lead In House Prices
Additionally, Madeira is also one of the priciest locations to buy a house, with an average selling price of 475,000 euros. In comparison, The average house price in Lisbon is 520,000 euros, while in Faro, it stands at 460,000 euros. These figures highlight the significant regional differences in the real estate market across Portugal.
Source: Diário de NotÃcias da Madeira
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