In January 2025

Median value of bank appraisals for housing in the Autonomous Region of Madeira stood at 2 000 euros per square meter 

According to data released today by Statistics Portugal (INE), in January 2025, the median value of bank appraisals for housing in the Autonomous Region of Madeira (ARM) was 2 000 euros/square meter, maintaining the same value as the previous month. Compared to the same month of the previous year, an increase of 11.9% (+213 euros) was observed.

For apartments, the median value of bank appraisals in the ARM stood at 2 123 euros per square meter, reflecting a decrease of 0.6% compared to December 2024 and a rise of 14.4% year-on-year. For houses, this indicator was 1 818 euros per square meter, which is 0.5% lower than the previous month and 11.7% above that recorded in the same month last year.

At the municipal level, it is noteworthy that in January 2025, the median value of bank appraisals in Funchal was 2 278 euros per square meter, reflecting a decrease of 2.3% from the previous month but an increase of 10.9% from January 2024.

In addition to Funchal, the municipalities of Câmara de Lobos and Santa Cruz, also surpassed the minimum threshold of observations (33), registered a median value of bank appraisals of 1 824 euros per square meter and 1 887 euros per square meter, respectively. Câmara de Lobos observed a monthly increase of 3.4% and a 15.5% increase year-on-year, whereas Santa Cruz experienced a monthly change of +0.2% and a year-on-year growth of 16.1%.

Nationally, the median value of bank appraisals was 1 774 euros per square meter, up by 27 euros (or +1.5%) from the previous month, with a year-on-year growth of 14.5% (an additional 224 euros). 

Among the nine NUTS 2 regions of the country, the highest values were recorded in Grande Lisboa (2 611 euros per square meter), Algarve (2 311 euros per square meter) and Península de Setúbal (2 015 euros per square meter), followed by the ARM at 2 000 euros per square meter. Compared to the same period last year, Península de Setúbal showed the highest positive change (+14.6%), while Alentejo exhibited the lowest (+3,4%). Compared to the previous month, the Centro, Península de Setúbal and Alentejo regions led the increases (+1.8%), whereas the Autonomous Region of Azores saw the largest decline (-1.4%).

Increase in the number of bank appraisals compared to the same month of the previous year

In January 2025, a total of 811 appraisals were considered, marking a 44.6% increase from the previous year. Of these, 460 were for apartments and 351 for houses. Compared to the previous month, the number of appraisals went down by 28, representing a 3.3% decrease. Nationally, the year-on-year change in the number of bank appraisals was +22.1%, while the month-on-month change stood at 5.1%.

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