House Prices in Madeira Rise 12.6% in 2024

PUBLISHED ON 
28.1.2025

In 2024, Madeira's housing market experienced a significant surge, with property prices increasing by 12.6%. Funchal, the capital city, saw an 11.1% rise, making it top city for real estate investors.

This upward trend aligns with national patterns, where housing prices have risen across various regions and district capitals. In Madeira, the increase is attributed to strong demand coupled with limited housing availability. Notably, São Vicente led with a remarkable 46% price increase over the past year.

Among Portugal's autonomous regions, Madeira recorded one of the largest housing price increases. While São Miguel in the Azores experienced the highest regional growth at 17.6%, Madeira's 12.6% rise surpassed the national average of 10.4%.

Funchal continues to attract both local buyers and international investors, drawn by its blend of urban amenities and natural beauty, contributing to the escalating housing costs in the city.

As an example, Ferreiros Residences is an exclusive real estate development, located in the historical centre of Funchal. The project offers modern apartments designed with attention to detail and sustainable features. The pre-sale for Ferreiros Residences was launched just a month ago, and it has already seen impressive demand, with 60% of the apartments sold out. This early success highlights the strong appeal of the project, which offers modern, luxury living in a desirable location.

The market shows no signs of cooling, as a concerning real estate trend continues to impact society: limited housing supply, low interest rates, and high demand are likely to keep housing prices rising in 2025.

If you are interested in Real Estate in Madeira, contact DRP Advisers.

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