In May 2025

Median value of bank appraisals for housing in the Autonomous Region of Madeira decreased compared to the previous month but increased year-on-year

According to data released today by Statistics Portugal (INE), in May 2025, the median value of bank appraisals for housing in the Autonomous Region of Madeira (ARM) was 2 154 euros/square meter. This figure represents a decrease of 1.7% compared to the previous month (i.e. 37 euros less). Compared to the same month of the previous year, an increase of 16.6% (+307 euros) was observed.

For flats, the median value of bank appraisals in the ARM stood at 2 382 euros per square meter, reflecting a change of +0.9% compared to April 2025 and a rise of 23.7% year-on-year. For houses, this indicator was 1 901 euros per square meter, which is 2.4% lower than the previous month and 10.1% above that recorded in the same month last year.

At the municipal level, it is noteworthy that in May 2025, the median value of bank appraisals in Funchal was 2 523 euros per square meter, reflecting an increase of 0.6% from the previous month and +19.6% when compared to May 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 2 195 euros per square meter and 2 064 euros per square meter, respectively. Câmara de Lobos observed a monthly increase of 6.5% and a 26.6% increase year-on-year, whereas Santa Cruz experienced a monthly change of -1.3% and a year-on-year growth of 17.9%.

Nationally, the median value of bank appraisals was 1 886 euros per square meter, representing an increase of 20 euros (or +1.1%) from the previous month, with a year-on-year growth of 17.1% (an additional 276 euros). 

Among the nine NUTS 2 regions of the country, the highest values were recorded in Grande Lisboa (2 841 euros per square meter), in Algarve (2 561 euros per square meter) and in Peninsula de Setúbal (2 222 euros per square meter), followed by the ARM at 2 154 euros per square meter. Compared to the same period last year, Peninsula de Setúbal showed the highest positive change (+21.1%), while Alentejo exhibited the lowest (+9,8%). Compared to the previous month,  Algarve led the increases (+3.1%), whereas the ARM saw the lowest growth (-1.7%).

Number of bank appraisals increased compared to the last month but declined compared to the year-on-year

For the calculation of the median bank appraisal value in May 2025, a total of 636 appraisals were considered, marking a 9.1% decrease from the previous year. Of these, 308 were for flats and 328 for houses. Compared to the previous month, the number of appraisals went up by 30, representing a 5.0% increase. Nationally, the year-on-year change in the number of bank appraisals was +7.5%, while the month-on-month change stood at -1.4%.

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