Real Estate Transactions Grow 37% in Madeira

2 September 2017

In 2015 the average value of urban apartments reached €97,000.

 

In 2015, Madeira saw a 37.9% increase in the number of purchase and sale contracts linked to real estate, reaching a total of 3,674 properties.

The average value of the apartments negotiated in 2015 was €67,100, an 8.8% decrease compared to 2014 when it stood at €73,600.

In 2015, the average value of urban apartments reached 97,400 thousand euros, rural dwellings stood at €11,200, and mixed properties reached €67,600 according to data from the Regional Directorate of Statistics (DREM).

Original Story: Jornal Econômico – Ruben Pires

Photo: Mario Proença/Bloomberg

Translation: Richard Turner