For the 1^st quarter of 2025

DREM releases information on the median price of family dwellings in the Autonomous Region of Madeira

Statistics Portugal (INE) released today the data on the median price of family dwellings for the 1^st quarter of 2025. This press release is divided into two sections: one covering the results for the three-month reference period, and another analysing data for the last twelve months.

It is also worth noting that data on the number of transactions of family dwellings—available since the 4^th quarter of 2019—are included.

These results are based on administrative tax data from the Municipal Tax on Onerous Property Transfers (IMT) and the Municipal Property Tax (IMI), provided monthly by the Tax and Customs Authority (AT) to INE, under a cooperation protocol established between the two institutions.

Median price of dwellings in the last three months in the Autonomous Region of Madeira increased in year-on-year terms, above the national figure

In the 1^st quarter of 2025, the median price of family dwellings in the Autonomous Region of Madeira (ARM) was 2 518 euros/m², significantly above the national average (1 951 euros /m²). Among the current nine NUTS 2 regions, only Grande Lisboa (3 183 euros /m²) and Algarve (2 929 euros /m²) recorded higher values. Alentejo had the lowest median value (1 006 euros/m²).

While in the 4^th quarter of 2024 the year-on-year change in the median price per m² of family dwellings sold was +54.9%, in the 1^st quarter of 2025 this growth slowed to +23.1%, still above the national growth rate of +18.7%. At the national level, a slight acceleration in housing price growth was observed, given that the year-on-year change in the 4^th quarter of 2024 had been +15.5%. Compared to the previous quarter, the ARM recorded a decrease of 13.0%, whereas at the national level, the quarterly change was positive, standing at +4.3%.

Among municipalities with over 100 000 inhabitants, Funchal recorded a median price of 2 928 euros/m², higher than the ARM average (2 518 euros /m²), representing a year-on-year growth of 10.9%. Compared to the previous quarter, the change was negative (–20.7%).

In the 1^st quarter of 2025, the median price of family dwellings in the ARM transacted by buyers with tax residence abroad was 3 193 euros /m², while for those with tax residence in national territory it was 2 476 euros /m². The median price for dwellings acquired by households stood at 2 554 euros /m², and for buyers from other institutional sectors at 2 228 euros /m².

Funchal ranked 7^th among Portuguese municipalities with the highest median price

In the 1^st quarter of 2025 (last 12 months), the median price of family dwellings in the ARM was 2 490 euros /m², higher than the national average (1 845 euros /m²). The value for the ARM was only exceeded by Grande Lisboa (3 025 euros /m²) and Algarve (2 814 euros /m²). In the ARM, the price of new dwellings (3 054 euros /m²) continued to surpass that of existing dwellings (2 125 euros /m²) by 929 euros /m². The ARM recorded the highest year-on-year growth among the nine NUTS 2 regions (+26.0%), above the national average (+13.0%). The lowest growth was observed in Algarve (+6.9%).

During this period, the median price of family dwellings acquired by buyers with tax residence abroad was 3 070 euros /m², higher than that of transactions involving buyers with residence in national territory (2 427 euros /m²). The median price for family dwellings acquired by households was 2 423 euros /m², and 2 762 euros /m² for those acquired by buyers from other institutional sectors.

In the municipality of Funchal, the median price of housing in the 1^st quarter of 2025 was 3 100 euros /m², making it the only municipality in the ARM with a value above the regional average.

Nationally, Funchal ranked 7th among municipalities with the highest median housing price. The ranking was led by Lisboa (4 412 euros /m²), followed by other municipalities from the Grande Lisboa area and the Algarve region.

In addition to Funchal, the municipalities of Câmara de Lobos, Santa Cruz, Porto Santo, and Machico, although recording values below the ARM average, stood out with notable prices above 1 800 euros /m² (2 476 euros /m², 2 323 euros /m², 1 998 euros /m², and 1 956 euros /m², respectively). The lowest value was recorded in Porto Moniz (996 euros /m²).

Within the municipality of Funchal, the parishes of São Martinho (3 810 euros/m²) and Sé (3 753 euros /m²) recorded the highest median prices in the 1^st quarter of 2025, both above 3 000 euros /m², and were the only parishes with values exceeding the municipal average (3 100 euros/m²). These were followed by Santo António (2 780 euros /m²), Santa Luzia (2 546 euros /m²), São Pedro (2 533 euros /m²), and São Gonçalo (2 377 euros /m²).

In the parish of Caniço, the median price of family dwellings in the 1^st quarter of 2025 reached 2 505 euros /m², exceeding the overall figure for the municipality of Santa Cruz (2 323/m²) by 182 euros /m².

In the 1^st quarter of 2025, the median sale price of T0 or T1 dwellings in the ARM was 2 703 euros /m², the highest among all typologies. The figures for other typologies were: T2 (2 613 euros /m²), T3 (2 352 euros /m²), and T4 or higher (1 589 euros /m²). In the municipality of Funchal, all typologies recorded values significantly above the regional average, with T0 or T1 dwellings reaching the highest figure (3 254 euros /m²).

For more information, please click on:

• Interactive Map
• Time series

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