In the 2^nd half 2019

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

In the 2^nd half 2019 (last 12 months), the median house rental value of the 1,039 new lease agreements of dwellings in the Autonomous Region of Madeira was 5.99€/m2. Compared to the previous semester, the agreements rose by 3.8%, while the median value decreased by 0.2%. By the same order this represents a 3.9% drop and a 2.6% increase when compared to the 2^nd half of 2018.

Regarding house rental value by square meter, the Autonomous Region of Madeira was the third Region with the highest value among the seven Portuguese NUTS2 regions, behind Área Metropolitana de Lisboa (8.07 €/m2) and Algarve (6.25€/m2). The national average stood at 5.32€/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 722 of the 1,039 lease agreements, followed by Santa Cruz with 155, Câmara de Lobos with 47 and Machico with 30.

Looking at the median house rental value by municipality, Funchal (6.82€/m2) was the only municipality which stood above the value of the Region (5.99€/m2), followed by Santa Cruz (5.40€/m2), Câmara de Lobos (4.64€/m2) and Machico (4.42€/m2).

In a ranking by municipality, Funchal has the 12^th highest rental value, behind Lisbon, Oporto and several municipalities of Área Metropolitana de Lisboa and Área Metropolitana do Porto and of the Region of Algarve. In the previous semester Funchal ranked 10^th.

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