Madeirans Need 72% of Income to Buy a T2 Apartment
Housing costs in Madeira require 72% of average couple's income to buy a T2 apartment, highest in Portugal.
Housing costs in Madeira require 72% of average couple's income to buy a T2 apartment, highest in Portugal.
With access to affordable rental housing being very limited, President Albuquerque today called for allowing next-day evictions for tenants who fail to pay rent. He said this would reduce pressure on the housing market.
Rental prices in Madeira reached €16.7/m² in April 2026, rising 11.4% year on year and setting a new record level.
Madeira saw housing prices fall 8.3% in 2025, standing out from most Portuguese regions, where property values continued to rise despite fewer transactions nationwide.
Prices for renting in Madeira increased 5.0% since December and 5.2% year-on-year.
In 2025, bank valuations for housing in Madeira increased 18.1% year-on-year.
Real estate sales and transaction values in Madeira are falling, yet limited supply and strong demand keep prices high - what will happen next? Two real estate consultants share their views.
According to Idealista, median rents in Madeira now match those in the Porto district, with Funchal further narrowing the gap with Porto city.
Santana is Madeira’s most affordable housing market, despite a yearly 21.1% increase, according to Idealista. See how the other municipalities rank.
Funchal’s real estate market shows rapid sales for smaller apartments, with T1 and T2 units selling often within a month.
Funchal’s affordable housing market has collapsed over the past five years. According to Idealista, homes under €200,000 now make up only 1% of listings, while mid-range properties also dropped sharply.