In the 1^st quarter of 2025

Number of new lease agreements in the Autonomous Region of Madeira decreased year-on-year, while the rental value per square metre increased

According to data released today by Statistics Portugal (INE), in the first quarter of 2025, the median rental value of the 337 new lease agreements for family dwellings concluded in the Autonomous Region of Madeira (ARM) was 10.44 euros/per square meter. Compared to the previous quarter, there was an increase of 1.5% in the number of new lease agreements and a 2.5% rise in the median rental value. In year-on-year terms, the number of agreements fell by 3.4%, while the median value increased by 25.3%.

Among the nine NUTS2 regions, the ARM recorded the second highest median rental value (10.44 euros/per square meter ), surpassed only by Área Metropolitana de Lisboa (13.16 euros/per square meter ). This was followed by Peninsula de Setúbal (10.24 euros/per square meter), Algarve (9.92 euros/per square meter), Norte (7.08 euros/per square meter ), Oeste e Vale do Tejo (6.51 euros/per square meter ), Centro (5.91 euros/per square meter), Alentejo (5.44 euros/per square meter ), and the Autonomous Region of the Azores, which registered the lowest value (5.40 euros/per square meter ). The national average stood at 8.22 euros/per square meter, reflecting a decrease of 2.5% from the previous quarter and an increase of 10.0% compared to the same quarter of 2024.

During the reference period, Funchal—one of the Portuguese cities with a population of 100 000 or more—accounted for 204 of the 337 new lease agreements, corresponding to a quarter-on-quarter decrease of 1.9% and a year-on-year decline of 3.3%. The median rental value for these agreements was 11.34 euros/per square meter, representing a quarterly change of -0.7% and a year-on-year increase of 17.1%.

In a national ranking of municipalities, Funchal held the 8^th position in terms of the highest median rental value. 

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