In March 2025

Median value of bank appraisals for housing in the Autonomous Region of Madeira rose to 2 133 euros per square meter

According to data released today by Statistics Portugal (INE), in March 2025, the median value of bank appraisals for housing in the Autonomous Region of Madeira (ARM) was 2 133 euros/square meter. This figure represents an increase of 2.5% compared to the previous month (i.e. an additional 53 euros). Compared to the same month of the previous year, an increase of 19.4% (+347 euros) was observed.

For apartments, the median value of bank appraisals in the ARM stood at 2 273 euros per square meter, reflecting a change of +5.0% compared to February 2025 and a rise of 20.1% year-on-year. For houses, this indicator was 1 890 euros per square meter, which is 0.9% lower than the previous month and 16.2% above that recorded in the same month last year.

At the municipal level, it is noteworthy that in March 2025, the median value of bank appraisals in Funchal was 2 430 euros per square meter, reflecting a increase of 6.7% from the previous month and +16.6% when compared to March 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 1 967 euros per square meter and 2 027 euros per square meter, respectively. Câmara de Lobos observed a monthly increase of 1.1% and a 17.1% increase year-on-year, whereas Santa Cruz experienced a monthly change of +2.0% and a year-on-year growth of 24.1%.

Nationally, the median value of bank appraisals was 1 847 euros per square meter, representing an increase of 37 euros (or +2.0%) from the previous month, with a year-on-year growth of 16.9% (an additional 267 euros). 

Among the nine NUTS 2 regions of the country, the highest values were recorded in Grande Lisboa (2 717 euros per square meter) and Algarve (2 438 euros per square meter), followed by the ARM at 2 133 euros per square meter. Compared to the same period last year, ARM showed the highest positive change (+19.4%), while ARA exhibited the lowest (+8,2%). Compared to the previous month, the Alentejo led the increases (+3.7%), whereas Oeste e Vale do Tejo saw the lowest growth (+1.3%).

Number of bank appraisals increased year-on-year but declined compared to the same month

For the calculation of the median bank appraisal value in March 2025, a total of 75206 appraisals were considered, marking a 14.2% increase from the previous year. Of these, 391 were for apartments and 315 for houses. Compared to the previous month, the number of appraisals went down by 46, representing a 6.1% decrease. Nationally, the year-on-year change in the number of bank appraisals was +19.9%, while the month-on-month change stood at +4.3%.

Back

• Prev
• Next