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In the 1st half 2019

House rental value by square meter in the Autonomous Region of Madeira increased compared to the previous semester and year-on-year

In the 1st half 2019 (last 12 months), the median house rental value of the 1,001 new lease agreements of dwellings in the Autonomous Region of Madeira was 6.00€/m2. Compared to the previous semester, the agreements dropped by 7.4%, while the median value increased by 2.7%. In the 1st half of 2018 there had been 1,095 agreements and the median house rental value had stood at 5.32€/m2.

The Autonomous Region of Madeira was the second Region among the seven Portuguese NUTS2 regions, behind Área Metropolitana de Lisboa (7.54 €/m2) and ahead of Algarve (5.93€/m2), which ranked third. The national average stood at 5.00€/m2.

Given the minimum number of 30 transactions, information is only available for the municipalities of Funchal, Câmara de Lobos, Santa Cruz and Machico. In the year of reference, Funchal concentrated 691 of the 1,001 lease agreements, followed by Santa Cruz with 153, Câmara de Lobos with 44 and Machico with 34.

Looking at the median house rental value by municipality, Funchal (6.71€/m2) was the only municipality which stood above the value of the Region (6.00€/m2), followed by Santa Cruz (5.39€/m2), Machico (4.82€/m2) and Câmara de Lobos (4.02€/m2).

In a ranking by municipality, Funchal has the 10th highest rental value, behind Lisbon, Oporto and several municipalities of Área Metropolitana de Lisboa and of Porto. In the previous semester Funchal ranked 8th.

 Rendas Hab 1S219 ingles

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