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Madeira island · report

Past price cycles in Madeira island

Asking prices have fallen by 3% or more once since 2015. That fall began in August 2015.

Deepest fall
−7.2%
Recovery from the low
6 months

Prices in Madeira island and Portugal, indexed

Asking prices, both set to 100 in January 2015.

  • Madeira island
  • Portugal
  • 100 = January 2015
Show the numbers
PeriodMadeira islandPortugal
Sep 2026345.4320.6
Aug 2026349.1318.5
Jul 2026348.4318.8
Jun 2026343.5318.9
May 2026339.4317.6
Apr 2026340.5317.6
Mar 2026349.8315.2
Feb 2026346.5311.9
Jan 2026346.0309.0
Dec 2025339.8305.9
Nov 2025335.3304.2
Oct 2025334.0300.2
Sep 2025329.5297.2
Aug 2025321.0296.2
Jul 2025316.6295.1
Jun 2025312.0291.8
May 2025305.1287.1
Apr 2025309.6284.7
Mar 2025304.5281.2
Feb 2025298.1277.6
Jan 2025290.4273.4
Dec 2024287.4270.1
Nov 2024285.9265.9
Oct 2024282.2263.2
Sep 2024279.9261.8
Aug 2024277.7260.8
Jul 2024274.8260.6
Jun 2024275.8258.4
May 2024272.6257.0
Apr 2024267.7253.3
Mar 2024263.9251.4
Feb 2024260.3249.5
Jan 2024260.9248.1
Dec 2023259.7245.0
Nov 2023253.5242.8
Oct 2023248.8239.1
Sep 2023241.1237.3
Aug 2023236.9236.8
Jul 2023233.5237.6
Jun 2023229.5237.4
May 2023226.8235.3
Apr 2023226.3234.3
Mar 2023221.5232.1
Feb 2023218.4230.9
Jan 2023215.5229.4
Dec 2022213.4228.3
Nov 2022209.3227.8
Oct 2022207.0224.3
Sep 2022204.6223.0
Aug 2022202.3222.6
Jul 2022200.1222.3
Jun 2022194.7222.2
May 2022189.5221.9
Apr 2022185.3220.8
Mar 2022180.0220.9
Feb 2022177.7219.9
Jan 2022172.1218.9
Dec 2021168.9218.7
Nov 2021167.2218.1
Oct 2021167.4216.8
Sep 2021167.3214.2
Aug 2021166.1213.3
Jul 2021163.9212.5
Jun 2021161.2210.6
May 2021160.1209.3
Apr 2021160.2208.2
Mar 2021160.9208.1
Feb 2021159.9207.4
Jan 2021156.1207.9
Dec 2020152.6206.7
Nov 2020150.9205.0
Oct 2020148.7202.4
Sep 2020145.0200.1
Aug 2020142.8199.0
Jul 2020142.1197.8
Jun 2020143.1198.8
May 2020144.3199.6
Apr 2020144.7200.6
Mar 2020145.0198.6
Feb 2020144.5197.3
Jan 2020144.0195.0
Dec 2019144.7196.3
Nov 2019144.9195.2
Oct 2019144.9194.7
Sep 2019144.0194.4
Aug 2019143.2194.6
Jul 2019142.7194.7
Jun 2019143.8191.8
May 2019142.3187.3
Apr 2019141.0183.2
Mar 2019139.9181.2
Feb 2019137.9178.9
Jan 2019136.2177.1
Dec 2018136.0176.6
Nov 2018134.7175.2
Oct 2018133.0173.1
Sep 2018131.2169.1
Aug 2018130.3165.9
Jul 2018129.1165.4
Jun 2018128.2161.8
May 2018128.2160.3
Apr 2018127.5156.9
Mar 2018125.5155.3
Feb 2018124.5154.6
Jan 2018122.1152.2
Dec 2017119.1152.6
Nov 2017116.5150.8
Oct 2017116.4148.7
Sep 2017116.0145.5
Aug 2017117.3143.5
Jul 2017116.1141.0
Jun 2017116.9139.1
May 2017112.1135.9
Apr 2017110.5135.7
Mar 2017109.9134.3
Feb 2017110.4132.1
Jan 2017107.0130.5
Dec 2016106.2129.4
Nov 2016103.0128.6
Oct 2016104.1126.0
Sep 2016104.0122.5
Aug 2016104.0119.3
Jul 2016105.0115.2
Jun 2016105.3115.1
May 2016105.3113.9
Apr 2016106.3113.2
Mar 2016107.3114.2
Feb 2016105.9113.9
Jan 2016106.3112.6
Dec 2015107.0110.6
Nov 2015106.5108.8
Oct 2015108.0108.2
Sep 2015110.2107.5
Aug 2015111.0106.6
Jul 2015108.0105.7
Jun 2015100.4106.1
May 201598.1103.7
Apr 201598.3101.7
Mar 201598.6101.0
Feb 201598.4100.0
Jan 2015100.0100.0

Every fall of 3% or more

From the peak to the lowest month after it, and how long prices took to get back.

PeakLowFallMonths fallingMonths to recover
August 2015November 2016−7.2%156

Portugal against the EU since 2015

Eurostat's house price index for all dwellings, 2015 = 100. National figures, comparable across member states.

  • Portugal
  • EU
  • 2015 = 100
Show the numbers
PeriodPortugalEU
Q2 2026301.4168.6
Q1 2026291.0166.5
Q4 2025280.2164.6
Q3 2025269.4163.5
Q2 2025258.8161.0
Q1 2025247.1158.5
Q4 2024235.7156.2
Q3 2024228.9155.1
Q2 2024220.7152.7
Q1 2024212.5149.8
Q4 2023211.3148.9
Q3 2023208.5149.1
Q2 2023204.7148.2
Q1 2023198.6147.6
Q4 2022195.9148.7
Q3 2022193.8150.9
Q2 2022188.3149.6
Q1 2022182.6146.2
Q4 2021176.0143.2
Q3 2021171.3140.2
Q2 2021166.4136.0
Q1 2021161.7132.1
Q4 2020157.7129.8
Q3 2020153.6128.1
Q2 2020154.3126.3
Q1 2020151.7124.4
Q4 2019146.1122.7
Q3 2019143.7121.5
Q2 2019140.7119.8
Q1 2019137.1117.6
Q4 2018132.3116.8
Q3 2018129.7115.9
Q2 2018128.5114.2
Q1 2018125.6112.3
Q4 2017121.1111.2
Q3 2017119.6110.4
Q2 2017115.5108.8
Q1 2017111.9106.9
Q4 2016109.6106.1
Q3 2016108.3105.4
Q2 2016106.9103.8
Q1 2016103.7102.0
Q4 2015101.8101.1
Q3 2015100.7100.8
Q2 2015100.699.8
Q1 201596.998.3

Bank valuations go back to 2011, so they include the fall after the euro crisis; asking prices start in 2015. A fall counts once prices drop 3% below a peak, and ends when they are back at it.

Other reports for Madeira island

Next 12 months

Asking prices have an 80% chance of landing between €3,598/m² and €4,137/m² by September 2027.

Expected, September 2027
€3,867/m²
Chance of a rise
70%

Affordability

Figures for Portugal: Madeira island has no reliable figures of its own.

At the bank valuation, a 90 m² home costs €205,020. With 10% down and a 30-year mortgage, the payment is €778 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
31%
Payment, one income
63%

Buy or rent

Figures for Portugal: Madeira island has no reliable figures of its own.

Owning a 90 m² home costs less each month than renting it. Owning counts interest, running costs and the return the deposit could earn, at the median sale price. Repaying the loan is saving, so it is left out.

Rent per month
€878
Owning per month
€715

New homes

64.2% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
1,097
Per 1,000 residents
4.2

Foreign buyers

Figures for Portugal: Madeira island has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 33.5% more per m² than buyers living in Portugal.

Abroad against residents
+33.5%

People and new homes

In 2025 the population grew by 1,063 while 862 homes were finished: 1.2 new residents for every new home.

New residents per new home, 2025
1.2
Population change, 2025
+1,063

Empty homes

13.5% of the 126,487 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
13.5%
Empty homes
17,110

Renovation

In 2025, 22% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
22%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €6.3M of housing works here in 2025, and €43.8M since 2012.

Signed in 2025
€6.3M
Per resident, 2025
€24

Data: INE, ECB and others · updated October 27, 2026

Asking prices and bank valuations are not sale prices. This is a description of public data, not financial advice.

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