In April 2025

Autonomous Region of Madeira (ARM) recorded the highest year-on-year and month-on-month increases in the median value of bank appraisals for housing among the nine NUTS 2 regions of Portugal

According to data released today by Statistics Portugal (INE), in April 2025, the median value of bank appraisals for housing in the Autonomous Region of Madeira (ARM) was 2 191 euros/square meter. This figure represents an increase of 2.7% compared to the previous month (i.e. an additional 58 euros). Compared to the same month of the previous year, an increase of 22.0% (+395 euros) was observed.

For flats, the median value of bank appraisals in the ARM stood at 2 360 euros per square meter, reflecting a change of +3.8% compared to March 2025 and a rise of 24.5% year-on-year. For houses, this indicator was 1 948 euros per square meter, which is 3.1% higher than the previous month and 17.5% above that recorded in the same month last year.

At the municipal level, it is noteworthy that in April 2025, the median value of bank appraisals in Funchal was 2 508 euros per square meter, reflecting an increase of 3.2% from the previous month and +19.0% when compared to April 2024.

In addition to Funchal, the municipalities of Câmara de Lobos and Santa Cruz, also surpassed the minimum threshold of observations (33), registered a median value of bank appraisals of 2 062 euros per square meter and 2 092 euros per square meter, respectively. Câmara de Lobos observed a monthly increase of 4.8% and a 19.1% increase year-on-year, whereas Santa Cruz experienced a monthly change of +3.2% and a year-on-year growth of 24.3%.

Nationally, the median value of bank appraisals was 1 866 euros per square meter, representing an increase of 19 euros (or +1.0%) from the previous month, with a year-on-year growth of 16.9% (an additional 270 euros). 

Among the nine NUTS 2 regions of the country, the highest values were recorded in Grande Lisboa (2 779 euros per square meter) and Algarve (2 485 euros per square meter), followed by the ARM at 2 191 euros per square meter. Compared to the same period last year, the ARM showed the highest positive change (+22.0%), while the ARA exhibited the lowest (+7,1%). Compared to the previous month, the ARM led the increases (+2.7%), whereas Alentejo saw the lowest growth (-0.7%).

Number of bank appraisals decreased when compared in the last month and year-on-year

For the calculation of the median bank appraisal value in April 2025, a total of 606 appraisals were considered, marking a 9.8% decrease from the previous year. Of these, 329 were for flats and 277 for houses. Compared to the previous month, the number of appraisals went down by 100, representing a 14.2% decrease. Nationally, the year-on-year change in the number of bank appraisals was +12.2%, while the month-on-month change stood at -2.3%.

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