Flash estimate - In October 2022, the overnight stays in tourism accommodation in the Autonomous Region of Madeira grew by 24.4% year-on-year (Read more...)
DREM releases data on foreign affiliates in the Autonomous Region of Madeira (Read more...)
In October 2022, the median value of bank appraisals on housing in the Autonomous Region of Madeira stood at 1,431 euros/square meter (Read more...)
In October 2022, the movement of passengers at the airports of the Autonomous Region of Madeira stood 40% above the same month of 2019 (Read more...)
DREM releases the third quarter transport statistics and a time series for the period 1976-2021 (Read more...)
DREM releases final results of the 2021 Census (Read more...)
In October 2022, the implicit interest rate on housing credit and the average loan repayments increased in the Autonomous Region of Madeira (Read more...)
In the 3rd quarter of 2022, the overdue loans ratios decreased compared to the previous quarter (Read more...)
In 2022, the proportion of persons between 16 and 74 years old who reported having used the Internet in the last 3 months prior to the interview was higher in the Autonomous Region of Madeira than in the country (Read more...)
In the first nine months of 2022, the natural decrease was higher than in the same period of the previous year (Read more...)
Subscribe to our newsletter and get statistical data as soon as it is available!...
In the 3rd quarter 2021
Number of new lease agreements in the Autonomous Region of Madeira decreased year-on-year, while the house rental value by square meter increased
According to information released today by Statistics Portugal (INE), in the 3rd quarter of 2021, the median house rental value of the 306 new lease agreements of dwellings in the Autonomous Region of Madeira was 6.28€/m2. Compared to the previous quarter, the agreements went down by 3.5% and the median house rental value dropped by 0.6%. By the same order, this represents a -16.2% and +2.1% growth when compared to the 3rd quarter of 2020.
Regarding house rental value by square meter, the Autonomous Region of Madeira was the fourth Region with the highest value among the 25 NUTS III regions, behind Área Metropolitana de Lisboa (9.04 €/m2), the Algarve (6.78€/m2) and Área Metropolitana do Porto (6.65 €/m2). It should be noted that the national average stood at 6.08€/m2.
In the period in reference, Funchal, one of the cities with 100,000 or more inhabitants in the country, concentrated 206 of the 306 new lease contracts, reflecting a quarterly drop of 5.9% and a year-on-year decline of 16.9%. The median house rental value of these 206 agreements was 7.14€/m2, increasing by 3.5% from the previous quarter and by 6.7% year-on-year.
In a ranking by the country´s municipality, Funchal remained in the 12th position according to the highest rental value, after Lisbon, Porto and several municipalities of Área Metropolitana de Lisboa, Área Metropolitana do Porto and of the Region of Algarve.