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In October 2022, the implicit interest rate on housing credit and the average loan repayments increased in the Autonomous Region of Madeira (Read more...)
In the 3rd quarter of 2022, the overdue loans ratios decreased compared to the previous quarter (Read more...)
In 2022, the proportion of persons between 16 and 74 years old who reported having used the Internet in the last 3 months prior to the interview was higher in the Autonomous Region of Madeira than in the country (Read more...)
In the first nine months of 2022, the natural decrease was higher than in the same period of the previous year (Read more...)
Between January and September 2022, the egg production, livestock slaughtering and poultry meat increased year-on-year while landed catch registered a decrease, but its value rose (Read more...)
At the end of the 3rd quarter of 2022, the number of jobs in the Regional Administration of Madeira was 20 806 (Read more...)
DREM releases "In Focus" with statistical indicators related to the sea for the Autonomous Region of Madeira (Read more...)
DREM releases Culture indicators for 2021 (Read more...)
DREM releases data for January to September 2022 on golf courses and cruise ships that visited the Region (Read more...)
In August 2022, Madeira’s economy accelerated (Read more...)
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In the first quarter of 2022
Transacted dwellings in the Autonomous Region of Madeira hit a record high
In the first quarter of 2022, 1,024 dwellings were traded in the Autonomous Region of Madeira, which represents a quarterly increase of 4.5% over the previous quarter and a 35.8% rise compared to the first quarter of 2021.
Of the total number of dwellings sold in the reference quarter, 829 were existing dwellings (81.0% of the total) and the remaining 195 (19.0%) were new dwellings. Compared to the previous quarter, these two types of dwellings showed opposite trends, i.e., the number of existing dwellings went up by 5.7% (+34.8% y-o-y) while in the case of new dwellings there was a 0.5% decrease (+40.3% y-o-y).
The value of transacted dwellings in the reference quarter totalled 204.6 million euros, representing a 12.3% increase over the previous quarter (182.2 million euros) and a 67.2% rise compared to the same quarter of the prior year (122.3 million euros). The sales value for the new dwellings reached 55.0 million euros (+72.2% than in the same quarter of the previous year), while the value of existing dwellings stood at 149.6 million euros (+34.8%).
Once again, in both number and value of dwellings transacted, the previous highs were surpassed.
In the quarter under review, Madeiran households acquired 863 dwellings, up by +1.5% and by +29.0% over the previous quarter and over the same quarter, respectively. In terms of value, transactions of this nature amounted to 174.6 million euros, increasing by 10.1% over the previous quarter and by 62.3% compared to the first quarter of 2021.
In Portugal, the number of transacted dwellings in the first quarter of 2022 reached 43.5 thousand (a quarterly decrease of 5.1% and a year-on-year increase of +25.8%). These transactions generated a sales value of 8.1 billion euros, -1.7% compared to the fourth quarter of 2021 and +44.4% over the same period of the previous year.