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In the 1st half 2020

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

In the 1st half 2020 (last 12 months), the median house rental value of the 1,134 new lease agreements of dwellings in the Autonomous Region of Madeira was 5.98€/m2. Compared to the previous semester, the agreements rose by 9.1%, while the median value decreased by 0.2%. By the same order this represents a 13.3% growth and a 0.3% decrease when compared to the 1st half of 2019.

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 (8.42 €/m2) and Algarve (6.54€/m2) and with the same value as Área Metropolitana do Porto. The national average stood at 5.47€/m2.

Given the minimum number of 30 transactions, information is only available for the municipalities of Funchal, Câmara de Lobos, Santa Cruz, Machico and Calheta. In the year of reference, Funchal concentrated 769 of the 1,134 lease agreements, followed by Santa Cruz with 175, Câmara de Lobos with 47, Calheta with 43 and Machico with 38.

Looking at the median house rental value by municipality, Funchal (6.84€/m2) was the only municipality which stood above the value of the Region (5.98€/m2), followed by Santa Cruz (5.46€/m2), Câmara de Lobos (4.70€/m2), Machico (4.16€/m2) and Calheta (2.34€/m2).

In a ranking by municipality, Funchal has the 15th highest rental value, behind Lisbon, Oporto and several municipalities of Área Metropolitana de Lisboa, Área Metropolitana do Porto and of the Region of Algarve. In the previous semester Funchal ranked 12th.

Rendas Habitação Infografia EN 

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