Funchal Households Spend 89% of Income on Rent
The rent burden in Funchal remains extremely high. On average, households still spend 89% of their income on rent - the second highest rate in Portugal.
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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Portugal Leads Spain and Italy in Real Estate Costs
With a national median price of 2,898€/m², Portugal leads the way in property sale costs, surpassing both Spain and Italy.
43% of Madeiran Houses Under €750 Rented Within a Day
Madeira has the highest express rental rate in Portugal for homes priced under €750 per month. In the second quarter of this year, 43% of these rentals were completed in less than 24 hours - well above the national average of 13%.
Portugal Outpaces All EU Countries in Rising Real Estate Prices
In early 2025, Portugal recorded the highest property price growth in Europe. With a 16.3% annual increase, the government must act to avoid further harm to democracy and lower to average-income families.
€1,725: Average Rent in Madeira Nearly Twice the Azores
According to the real estate website Imovirtual, rental and property prices in Madeira continue to rise, with average rental prices reaching €1,725, nearly twice the level of the Azores.
Mortgage Payment Falls Below €400 for First Time Since 2023
Monthly mortgage payments keep falling, despite total loan amounts increasing.
Only 9% of Rustic Houses in Madeira Cost Under €100,000
Madeira’s rustic homes represent a tiny slice of Portugal’s market, with few priced under €100,000.
Madeira Creates Task Force to Speed Up Housing Projects
Madeira plans to invest €143 million in housing in 2025 and create a task force to speed up construction and help tackle the shortage of affordable homes.
Homes in Funchal Renting 3 Times Faster Than The National Average
Funchal is now the fastest city in Portugal to rent a home. One in four homes is rented in less than 24 hours.
Portugal Offers 100% Loan Financing for Young People's First Home
Until December 2026, the Government offers young people (up to 35) the chance to purchase their first home with 100% financing, eliminating the need for a downpayment and allowing everyone with a decent income to stop renting and purchase a home.
Insights on Madeira's Fast-Paced Real Estate Market
While foreign nationals constitute a small portion of Madeira’s population at 5.5% in 2023, they play a dominant role in the real estate sector, making up 50% of market demand today.
