Funchal House Prices Closing in on Porto
Funchal’s house prices are rising faster than Porto’s, now nearly €3,755/m². Could Madeira’s capital soon overtake Portugal’s second-largest city in the housing market?
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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Cortel AL Licenses Revoked: Funchal Wants €61,000 Back
Funchal City Council has revoked CORTEL’s three short-term rental licenses and will seek to reclaim approximately €61,000 in public housing subsidies.
Housing Prices in Madeira Rise 15.9%, Reaching Record Levels
Housing prices in Madeira continue to rise, with the average cost per square meter increasing by €306 - a year-on-year increase of nearly 16%.
Police Warn of Online Property Fraud in Madeira
In 2025, property fraud in Madeira continues with 18 cases recorded by the PSP in the first half of the year, involving scams on buying or renting homes through fake listings demanding high deposits.
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.
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.
