Price Growth for Houses in Portugal at 4.3%
According to the real estate website Idealista, prices for houses in Portugal rose by 4.3% in the past 12 months, with the median price per square meter reaching €2,693 by the end of January 2025. This increase was observed in 18 out of 20 major cities, with Évora (17.3%), Beja (16.1%), and Vila Real (15.5%) leading the way. Only in Lisbon and Aveiro, real estate prices went down.
Price Growth for Houses in Madeira at 10.4%
However, the Madeira Islands, including both Madeira and Porto Santo, experienced a much higher surge. Madeira’s house prices increased by 10.4%, significantly outpacing the national average and remaining at double digits. Funchal, the capital of Madeira, saw its prices rise 8.6%, with the median price reaching €3,506/m². Porto Santo, in particular, experienced an extraordinary 19.2% increase, bringing the price to €2,725/m². These figures highlight the islands as some of the fastest-growing and most expensive regions in Portugal.
House Price Comparison with Other Regions:
Madeira is among the top three regions for the highest price increases, significantly surpassing the national average of 4.3%.
In comparison to other major cities, Lisbon remains the most expensive city for buying property at €5,453/m², followed by Porto (€3,605/m²) and Funchal (€3,506/m²).
Other regions, such as Santarém (15.4%), Setúbal (14.5%), and Leiria (12.3%), also experienced price hikes but still lag behind Madeira in growth rates.
The increase in house prices in Madeira is not just a local phenomenon; it signals the growing demand and limited supply throughout most of the island.
Source: Idealista.pt
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