For the 3^rd quarter of 2025

DREM releases information on the median price of family dwellings in the Autonomous Region of Madeira

Statistics Portugal (INE) released today information on the median price of family dwellings, referring to the 3^rd quarter of 2025. This statistical note is divided into two parts: one analysing the results for the reference quarter, considering only the three months of the quarter, and another providing information for the last twelve months.

It should also be noted that results regarding the number of transactions of family dwellings are published, with data available since the 4^th quarter of 2019.

It is also important to recall that this information is produced based on administrative tax data from the Municipal Tax on Onerous Property Transfers (IMT) and the Municipal Property Tax (IMI), provided monthly by the Tax and Customs Authority (AT) to Statistics Portugal (INE), under a cooperation protocol established between the two institutions.

Median price of dwellings in the last three months in the Autonomous Region of Madeira increased year-on-year, but below the national figure

In the 3^rd quarter of 2025 (last three months), the median price of family dwellings in the Autonomous Region of Madeira (ARM) stood at 2 512 euros per m², positioning itself substantially above the national value (2 111 euros per m²). Among the current nine NUTS 2 regions, only Grande Lisboa (3 567 euros per m²), Algarve (3 203 euros per m²) and Peninsula de Setúbal (2 710 euros per m²) recorded values higher than that of ARM. Alentejo (1 033 euros per m²) was the region with the lowest median price.

While in the 2^nd quarter of 2025 the year-on-year rate of change in the median price of family dwellings per m² had been +14.5%, in the 3^rd quarter of 2025 this growth slowed to 8.0%, below the national figure (+16.1%). Compared with the previous quarter, the ARM recorded an increase of 5.5%, higher than that observed at the national level (2.2%).

Considering municipalities with more than 100 thousand inhabitants, Funchal recorded a median price of 3 346 euros per m², above the regional average (2 512 euros per m²), with a year-on-year growth of 15.0%. Compared with the previous quarter, an increase was also observed, albeit slightly lower, at 14.3%.

In the 3^rd quarter of 2025, the median price of family dwellings transacted in the ARM involving buyers with tax residence abroad stood at 3 523 euros per m², while for transactions carried out by buyers with tax residence in national territory, the median price was 2 456 euros per m². The median price of family dwellings acquired by households was 2 549 euros per m², while that of buyers belonging to other institutional sectors stood at 2 265 euros per m².

Funchal maintained 6th position among municipalities with the highest median prices nationwide

In the 3^rd quarter of 2025 (last twelve months), the median price of family dwellings in the ARM was 2 604 euros per m², above the national value (1 991 euros per m²). It should be noted that the value recorded in the ARM was lower than that of Grande Lisboa (3 296 euros per m²) and Algarve (3 021 euros per m²). It is also worth highlighting that, in the ARM, the median price of new dwellings (3 076 euros per m²) continued to exceed that of existing dwellings (2 329 euros per m²), by 747 euros per m². In the 3^rd quarter of 2025, the ARM recorded the highest year-on-year growth among the nine NUTS 2 regions (+25.0%), above the national average (+16.5%). The lowest growth was observed in Algarve (+11.8%).

In this period, the median price of family dwellings transacted in the ARM and acquired by buyers with tax residence abroad was 3 310 euros per m², higher than that of transactions involving buyers with tax residence in the national territory (2 556 euros per m²). The median price of family dwellings  acquired by households was 2 567 euros per m², while  that of buyers  belonging to other institutional  sectors stood at 2 802 euros per m².

In the municipality of Funchal, the median house price in the 3^rd quarter of 2025 stood at 3 269 euros per m². This municipality, together with Câmara de Lobos (2 625 euros per m²), were the only ones in the ARM to record values above the regional average.

In the national ranking, Funchal maintained 6th position among municipalities with the highest median prices (6^th in the previous quarter and 12^th in the corresponding quarter of the previous year). The ranking continues to be led by Lisboa (4 691 euros per m²), followed by Cascais, Oeiras, Loulé and Lagos.

In addition to Funchal, the municipalities of Santa Cruz, Porto Santo and Machico, although recording prices below the regional average, stood out for presenting significant values above 2 000 euros per m² (2 444 euros per m², 2 392 euros per m² and 2 165 euros per m², respectively). The lowest value was observed in São Vicente (1 087 euros per m²).

Within the parishes of the municipality of Funchal, São Martinho (4 348 euros per m²) and Sé (3 613 euros per m²) stand out, as they recorded, in the 3^rd quarter of 2025, significant values above 3 600 euros per m². These two parishes were also the only ones to position themselves above the municipal average (3 269 euros per m²). They were followed by Santo António (2 928 euros per m²), Santa Maria Maior (2 692 euros per m²) and São Gonçalo (2 596 euros per m²).

In the parish of Caniço, the median price of family dwellings in the 3^rd quarter of 2025 amounted to 2 639 euros per m², exceeding that recorded for the municipality of Santa Cruz (2 444 euros per m²) by 195 euros per m².

In the 3^rd quarter of 2025, in the ARM, the median price of sales of T2 dwellings stood at 2 754 euros per m², the highest among the different typologies (T0 or T1: 2 750 euros per m²; T3: 2 518 euros per m²; T4 or larger: 1 818 euros per m²). In the municipality of Funchal, all dwelling typologies analysed recorded  values substantially above  those of the Region, with T0 or T1 dwellings  registering the highest  median price (3 454 euros per m²).

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