House Prices in Madeira Rise 12.6% in 2024
Funchal has become Portugal's third most expensive city for buyers seeking to buy a house, with prices reaching €3,542 per square meter in December 2024
Real Estate
Madeira has seen crucial changes in the real estate market. Property prices and rentals went through the roof and many are finding it increasingly difficult to find housing. Stay ahead with the latest property & real estate news on Madeira Island.
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Madeira Records Over 20% Yearly Increase in Rental Prices
Rental prices in Madeira soared by 20.2% in Q3 2024, reaching €10.66/m². Funchal saw a 25.9% increase, ranking fourth-highest nationwide, acording to DREM.
House Prices in Madeira Climb 13.6% Over the Past Year
Madeira's housing market surged 13.6% annually by November 2023, driven by Santa Cruz's 21.4% growth. Funchal remains the priciest, echoing Portugal's national trends.
Foreign Buyers Make Up 42.5% of Madeira’s Real Estate Demand
The figure comes from search data on Idealista.pt and should be interpreted with caution. Local buyers, who are often better informed and rely on alternative sources, may not use Idealista.pt as frequently for real estate searches.
Housing Valuation in Madeira Reaches Record €2,010/m²
In October 2024, Madeira’s housing bank valuations surpassed €2,000/m² for the first time, reflecting the highest growth in Portugal. The increase was mainly driven by rising apartment valuations and strong market activity.
Average Price For a House in Madeira Now €525,000
Prices for houses are rising further. São Vicente is taking the lead with a massive 46% increase in prices over the last 12 months.
Real-Estate Prices Expected to Keep Climbing in 2025
The market shows no signs of cooling, as a concerning real estate trend continues to impact society: limited housing supply, low interest rates, and high demand are likely to keep housing prices rising in 2025.
New Law Empowers Municipalities to Regulate Short-Term Rentals
A new law in Portugal grants municipalities the power to regulate short-term rental accommodations (AL), marking a shift towards decentralization.
Funchal Rental Room Supply Drops by 49%
With the sharpest decline in rental rooms across Portugal, Funchal now ranks as the second most expensive city for tenants.
Casa para Viver! Housing Crisis Protest in Funchal Tomorrow
Are you ready to stand up for affordable housing? Join Protestors in Funchal as they unite for change tomorrow!
Madeira's Challenge of Rising Rent vs. Costly Mortgages
€66,632 anyone? With stable, well-paid employment, that's your ticket to financing a two-bedroom house in Funchal. Otherwise, renting is your option and it will end up costing you more in the long run.
