Monthly Average Payment in May Drops by €2 Compared to April
In May 2025, the average monthly mortgage payment in Madeira fell to €399. This is €2 less than in April and the first time the figure has gone below €400 since October 2023. The interest part of the payment stood at €203 - €5 less than the month before - while the amount used to pay off the loan (amortization) rose by €3 to €196. A year ago, in May 2024, the average payment was €417, showing a clear decrease over 12 months.
Interest Rate in Madeira Continues to Fall
The interest rate charged on mortgage contracts in Madeira also dropped again in May, reaching 3.634%. This is a decrease of 0.105 percentage points compared to April. In May last year, the average rate was 4.687%, meaning borrowers are now paying less in interest each month.
Loan Amounts in Madeira Keep Growing
Despite the fall in interest rates and monthly payments, the average loan amount continues to rise. In May, the typical outstanding mortgage in Madeira reached €68,023. That’s an increase of €278 compared to April. It also marks the 25th month in a row that this figure has increased. One year ago, in May 2024, the average loan was €64,868.
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