Average Cost of Family Homes at €1,063 per Square Meter in Madeira

5 December 2017

Funchal is the municipality with the 9th highest housing costs per square meter, at 1,304 euros at the end of the second quarter of this year.

The average price of family homes was €1,063 per sqm in the second quarter in Madeira. This figure was well above the national average of 896 euros.

According to data from the Regional Directorate of Statistics (DREM), in the case of new housing in Madeira, the cost rises to €1,183 per sqm in the second quarter.

DREM’s ranking of property values put the municipalities of Lisbon, Cascais, Loulé, Lagos, Oeiras, Albufeira, Lagoa and Tavira as the only areas in the country prices higher than in Funchal.

Original Story: Jornal Econômico – Ruben Pires

Translation: Richard Turner