Express Rentals Reflect High Demand in Madeira’s Housing Market
Madeira’s rental market shows remarkable speed in renting out affordable homes. According to data from the real estate portal Idealista, 43% of houses priced under €750 per month in Madeira were rented in less than 24 hours during the second quarter of 2025. This figure is one of the highest in Portugal and well above the national average of 13% for the same price range. What drives such rapid leasing in this island market?
Affordable rentals, priced under €750 per month, attract most of the demand, resulting in the highest rates of express rentals. On the island of Madeira, 43% of the homes rented in the second quarter of this year for less than €750/month were listed on the Idealista database for less than one day.
Rental Speed Varies Across Price Ranges and Regions
The trend of “express rentals” - properties rented within a day - varies widely by price bracket. Nationally, 13% of homes priced up to €750/month rented quickly, but this percentage falls to 7% for homes between €750 and €1,000, 4% for those between €1,000 and €1,500, and just 2% for rentals over €1,500.
Madeira outperforms many regions, with 19% of homes priced €750 to €1,000 rented within a day, the highest rate in this segment.
What Does This Mean for Renters and Landlords?
The data simply says that homes priced under €750 are in highest demand, disappearing from the market almost instantly. This demonstrates a shortage of affordable housing or very high competition, pushing many renters into a fast-paced and challenging market.
The Future of Madeira’s Rental Market
Madeira’s rental market currently demonstrates a strong preference for lower-priced housing, with almost half of these properties rented in under a day. How will this impact future housing policies or investment decisions on the island? Will more affordable housing be developed to balance supply and demand?
Source: Idealista
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