DREM with the release of “In focus - Operations on Real Estate 2018”, intends to provide a deeper analysis on the data from the time series “Operations on Real Estate 1971-2018” and “Acquisitions of Real Estate by Non-Residents 2012-2018” recently updated and made available on its website. The most relevant information is recapitulated below.

In 2018

More real estate traded, but for a smaller amount than in 2017. Acquisitions made by non-resident increased in number and value

In 2018, the number of contracts of real estate purchase and sale increased by 2.5% vis-à-vis the previous year and the amount involved in these transactions stood at 467.9 million euros (-7.1% compared to 2017). The average value of the traded real estates declined from 103.5 thousand euros in 2017 to 93.7 thousand euros in 2018.

There was a 1.0% decrease in the number of contracts of loan agreements with conventional mortgage, and the mean value of mortgaged real estates increased from 121.2 thousand euros in 2017 to 133.2 thousand euros in 2018.

The  mortgage credit granted to singular persons per inhabitant stood at 503 euros, up by 14.3% over the previous year.

Sales of real estate to non-residents increased by 1.5% in number and by 3.2% in value, vis-à-vis 2017. In 2018, 9.7% of the real estate sales in the Autonomous Region of Madeira were made to non-residents, corresponding to 13.3% of the total sales value.

As in 2017, residents in Germany (21.9% of the total value), followed by residents in the United Kingdom (19.3%) and in France (9.7%), were the main buyers of real estate in Madeira.

The average value of real estate sold to non-residents in 2018 (EUR 129,163) was almost 37.8% higher than the average value of global transactions (EUR 93,739 in the same year).

For more information, please click on:

• In Focus (Portuguese only)

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