In September 2026

Median value of bank appraisals on housing in the Autonomous Region of Madeira rose to 2 642 euros/m²

According to the data released today by Statistics Portugal (INE), in September 2026 the median value of bank appraisals on housing in the Autonomous Region of Madeira (ARM) stood at 2 642 euros/m², an increase of 0.6% compared with the previous month (i.e. 17 euros more). Compared with the same month of the previous year, there was a rise of 14.3% (+331 euros).

For flats, the median value of bank appraisals in the ARM was 2 918 euros per square metre, corresponding to changes of +0.2% compared with August 2026 and +15.3% year-on-year. For houses, this indicator stood at 2 347 euros per square metre, 0.7% higher than in the previous month and 20.3% above that recorded in the same month of last year.

At the municipal level, the median value of bank appraisal in Funchal in September 2026 was 3 037 euros per square metre, changing by +4.3% compared with the previous month and +16.6% compared with September 2025.

In addition to Funchal, in the month under review the municipalities of Câmara de Lobos and Santa Cruz also exceeded the minimum number of observations recorded (33), with median bank appraisal values of 2 502 euros per square metre and 2 707 euros per square metre, respectively. Câmara de Lobos recorded an increase of 6.5% compared with the previous month and 12.9% compared with the same period of the previous year, while Santa Cruz showed a month-on-month change of 3.8% and a year-on-year change of 21.0%.

The median value of bank appraisals in the country stood at 2 278 euros per square metre, 24 euros more than in the previous month (+1.1%). The year-on-year change was +14.2% (+283 euros).

Among the nine NUTS 2 regions, the highest values were observed in Grande Lisboa (3 452 euros/m²), Algarve (2 953 euros/m²), Peninsula de Setúbal (2 845 euros/m²) and the ARM (2 642 euros/m²). Compared with the same period of the previous year, Peninsula de Setúbal recorded the largest positive change (+18.4%), while the Alentejo region (+10.3%) showed the smallest. Compared with the previous month, Oeste e Vale do Tejo (+1.6%) led the increases, while at the opposite end the Autonomous Region of the Azores (-3.2%) was the region with the largest decrease.

Number of bank appraisals decreased compared with the previous month and the same month of the previous year

To calculate the median value of bank appraisal in September 2026, 614 appraisals were considered, 2.7% fewer than in the same period of the previous year. Of these, 267 were for apartments and 347 for houses. Compared with the previous month, there were 51 fewer appraisals, corresponding to a decrease of 7.7%. At the national level, the year-on-year change in the number of bank appraisals was -1.2%, while the month-on-month change was -0.2% 

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