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Madeira

Terraced hillsides of banana groves and vineyards drop steeply to the Atlantic, Funchal’s amphitheatre of pastel houses wraps a working harbour, and levada paths thread through laurel forest into the clouds. This is a subtropical island that has become a magnet for relocation and remote-work buyers.

Last updated · First published

What does property cost in Madeira?

The figures below are the latest official medians for the region, each shown beside its reference period and INE source. Transacted (sold) prices are drawn from INE’s house-price statistics; the national median is shown alongside so you can see how the region compares.

Median sold price · MadeiraSold · INE

€2,578/m²

Região Autónoma da Madeira

1st Quarter 2026Instituto Nacional de Estatística (INE), Portugal
CC BY 4.0
Median sold price · PortugalSold · INE (national)

€2,168/m²

Portugal

1st Quarter 2026Instituto Nacional de Estatística (INE), Portugal
CC BY 4.0
Median new-lease rent · MadeiraRent · INE

€11.97/m²

Região Autónoma da Madeira

1st Quarter 2026Instituto Nacional de Estatística (INE), Portugal
CC BY 4.0

Region-level only — INE does not publish a concelho-level rent series for Madeira, so there is no separate Funchal rent figure.

How Madeira sold prices have moved

  • Median sold price · Madeira· Sold
Latest data: 1st Quarter 2026Median sold price · MadeiraMedian sold price · Madeira: latest 2,578 €/m² in 1st Quarter 2026.2,578 €/m² · 1st Quarter 2026

Median sold price · Madeira: Instituto Nacional de Estatística (INE), Portugal · retrieved 2026-08-12T23:51:31.305187Z · CC BY 4.0

How Madeira sold prices have moved — data table — most recent 12 periods
PeriodMedian sold price · Madeira (€/m²)
2nd Quarter 20231689
3rd Quarter 20231875
4th Quarter 20231889
1st Quarter 20241976
2nd Quarter 20242023
3rd Quarter 20242083
4th Quarter 20242395
1st Quarter 20252490
2nd Quarter 20252560
3rd Quarter 20252604
4th Quarter 20252500
1st Quarter 20262578
Median sold price · MadeiraLatest 1st Quarter 2026: 2,578 · Min 1,214 · Max 2,604 · Range 1,390 · CAGR +12.8%/yr
Show all 26 rows
How Madeira sold prices have moved — data table — full series (26 periods)
PeriodMedian sold price · Madeira (€/m²)
4th Quarter 20191214
1st Quarter 20201258
2nd Quarter 20201273
3rd Quarter 20201297
4th Quarter 20201303
1st Quarter 20211310
2nd Quarter 20211343
3rd Quarter 20211364
4th Quarter 20211436
1st Quarter 20221481
2nd Quarter 20221506
3rd Quarter 20221527
4th Quarter 20221571
1st Quarter 20231582
2nd Quarter 20231689
3rd Quarter 20231875
4th Quarter 20231889
1st Quarter 20241976
2nd Quarter 20242023
3rd Quarter 20242083
4th Quarter 20242395
1st Quarter 20252490
2nd Quarter 20252560
3rd Quarter 20252604
4th Quarter 20252500
1st Quarter 20262578
Median sold price · MadeiraLatest 1st Quarter 2026: 2,578 · Min 1,214 · Max 2,604 · Range 1,390 · CAGR +12.8%/yr

Asking vs sold

Asking-price data pending — we publish an asking figure only from a licensed source, never scraped listings, and we always label it separately from the sold (INE) median so the two are never conflated.

What does each type of property cost in Madeira?

Two official medians, kept deliberately apart. Bank appraisals are what lenders valued homes at; registered sales are what buyers actually paid. They are measured differently, published on different cadences, and are never averaged together.

Flats vs villas

Bank appraisal · INE · €/m²

Median value of bank evaluations on housing — what lenders valued property at for mortgage purposes. It is a valuation opinion, not a transacted price, so it is never mixed with the sale medians below.

Median flats vs villas price per square metre in Madeira
FlatsMedian€2,885€/m²PeriodJune 2026
VillasMedian€2,180€/m²PeriodJune 2026
All housingMedian€2,609€/m²PeriodJune 2026

Instituto Nacional de Estatística (INE), Portugal — CC BY 4.0. Each row carries its own reference period, shown above.

New vs existing homes

Sold · INE · €/m²

Median value of registered dwelling sales — what buyers actually transacted at, split by whether the home was newly built or already existing. This is the sold family; it is never mixed with appraisals.

Median new vs existing homes price per square metre in Madeira
New dwellingsMedian€2,982€/m²Period1st Quarter 2026
Existing dwellingsMedian€2,447€/m²Period1st Quarter 2026
All dwellingsMedian€2,578€/m²Period1st Quarter 2026

Instituto Nacional de Estatística (INE), Portugal — CC BY 4.0. Each row carries its own reference period, shown above.

Prices are one part of the picture. Below, see how Madeira sits through the market cycle — bank appraisals against sold prices, transaction activity and rents, each drawn live from INE with its source and reference period.

Where exactly in Madeira?

Those trends describe Madeira as a whole. Below, place it on the map to see exactly where they apply — and, where the data allows, how prices vary from one part of the region to the next.

Madeira on the map

An administrative boundary map for Madeira is not available yet — the DGT municipality geometry for this region has not been sourced into the warehouse. It will appear here once the boundaries are published.

What is living in Madeira like?

Knowing where a property sits is only half the decision — the other half is what daily life there is like. Here are the liveability signals we can source for Madeira today, each added as the data becomes available.

HealthcareINE · health access & supply

Doctors and pharmacies per 1,000 residents, and hospitals across the region.

Data pending — we publish a figure only when the warehouse can source it with provenance.

ConnectivityINE · fixed broadband

Fixed broadband Internet accesses for the municipality.

Data pending — we publish a figure only when the warehouse can source it with provenance.

SafetyINE · reported crime

Reported-crime and community-safety indicators.

Data pending — we publish a figure only when the warehouse can source it with provenance.

CoastINE · Blue Flag beaches

Blue Flag beaches across the surrounding region.

Data pending — we publish a figure only when the warehouse can source it with provenance.

ClimateIPMA · monthly temperature

Typical monthly temperature range for the area.

Data pending — we publish a figure only when the warehouse can source it with provenance.

Madeira at a glance

The Autonomous Region of Madeira is an Atlantic archipelago far to the south-west of the mainland, centred on the island of Madeira and its capital, Funchal, with the smaller Porto Santo alongside. Its mild subtropical climate, direct flight links and English-friendly relocation scene have made it one of Portugal’s most internationally driven housing markets, and transacted prices here now sit above the national median shown below.

Demand concentrates heavily on Funchal and the sunnier south coast, so the regional median masks a wide internal spread between the capital and the quieter north and interior. This page shows the official median for the region as a whole with full provenance; concelho-level detail is planned so the intra-island gap can be shown with the same discipline once the geography is wired.

What are the rules and costs in Madeira?

Lifestyle is the human side of the decision; the rules and costs are the practical one. These are the two rules that shape most purchases in Madeira — plus the guides and calculator to model your all-in costs.

Two rules shape most purchases here — whether a property can be let short-term, and what it costs to hold each year — followed by the guides and calculator to model your full purchase.

Can you run a short-term rental here?

Short-term letting (Alojamento Local, AL) is central to the investment case for many Madeira buyers, given the island’s year-round tourism. AL is governed by the national regime (Decreto-Lei 128/2014, as amended) together with regional rules specific to the Autonomous Region, and registration and operating requirements can differ from the mainland. Local status and any contention-style limits vary by concelho and change over time.

This is general information, not legal advice — confirm the current AL status and regional requirements for a specific address with the relevant câmara municipal and the regional authorities before assuming a property can be operated as a short-term rental.

What about annual property tax (IMI)?

Municipal Property Tax (IMI) is levied annually by each concelho within a band set nationally, so the exact rate depends on the municipality and the property’s taxable value (VPT); rates in Funchal can differ from those of the island’s smaller concelhos. Any specific rate we publish is sourced from the official register with its reference year; where the warehouse cannot yet source a rate for this region it is shown as pending rather than estimated.

Common questions about Madeira

How much does property cost per square metre in Madeira?
In Região Autónoma da Madeira, the median transacted (sold) price is about €2,578 per square metre (1st Quarter 2026). For comparison, the national median sold price is about €2,168 per square metre (1st Quarter 2026). Source: Instituto Nacional de Estatística (INE), Portugal, CC BY 4.0.
How much do flats and villas cost per square metre in Madeira?
In Região Autónoma da Madeira, the median bank appraisal value is about €2,885 per square metre for flats and €2,180 per square metre for villas (June 2026). These are lender valuations for mortgage purposes, not transacted prices. Registered sales — what buyers actually paid — ran about €2,982 per square metre for newly built homes and €2,447 per square metre for existing homes (1st Quarter 2026). Source: Instituto Nacional de Estatística (INE), Portugal, CC BY 4.0.
What is the average rent per square metre in Madeira?
In Região Autónoma da Madeira, the median new-lease rent — what tenants pay to let, a separate measure from any sale or asking price — is about €11.97 per square metre (1st Quarter 2026). Source: Instituto Nacional de Estatística (INE), Portugal, CC BY 4.0.

Plan your purchase

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Municipalities in Madeira

Every municipality below has its own page, held to the same provenance discipline: a figure appears only when the warehouse can source it, shown with its INE source and reference period. Where it cannot, the page says so in place of the figure. Never an estimate.

Every figure on this page is drawn from the public data registry with full provenance — official sources, reference periods and licences. We publish a number only when the warehouse can source it.

Buying in Madeira?

Map the numbers on this page to your specific purchase. Speak with an advisor about costs, timeline and paperwork.

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