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In the second quarter 2019

Number and sales value of transacted dwellings in the Autonomous Region of Madeira increased year-on-year, but decreased compared to the previous quarter

In the second quarter 2019, 736 dwellings were traded in the Autonomous Region of Madeira, down by 7.9% over the previous quarter and up by 8.1% compared to the 2nd quarter 2018.

From that total, 576 were existing dwellings and the remaining 160, new dwellings. Compared to the previous quarter, the number of traded existing dwellings went down by 6.8% (+10.1% y-o-y) while in the case of new dwellings there was a 11.6% drop (+1.3% y-o-y).

The value of transacted dwellings in the reference quarter was approximately 97.8 million euros, representing a 5.5% decrease over the previous quarter and a +8.5% growth compared to the same quarter of the prior year. The sales value for the new dwellings stood at 27.7 million euros and for the existing dwellings at 70.2 million euros.

In Portugal, the number of transacted dwellings in the second quarter 2019 reached 42.6 thousand (a 2.8% decrease compared to the last quarter), generating a sales value of 6.1 billion euros (-0.9%). The year-on-year decreased rates were 6.6% and 1.9%, respectively.

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