Madeira Portugal Real Estate Report

In 2025, the average home price in the region of Madeira, Portugal, is $658,000, at a price per square foot of $329. By comparison, the national average cost to buy a house in Portugal is $550,000, or $275 per square foot.

Real estate in Madeira is sought-after by foreign and local buyers alike, and prices have changed by 10.5% compared to the previous year. Homes located in the most popular towns in Portugal, frequented by tourists, tend to be more valuable, while living in remote or lesser-known locations is typically more affordable.

Here’s how Madeira property prices compare to other regions of Portugal:

Alentejo $338,000
Algarve $716,000
Azores $334,000
Center $308,000
Metropolitan Lisbon $768,000
Madeira $658,000
North $458,000

House prices in the cities and towns of Madeira, in US dollars

The most expensive town to buy a house in Madeira is Funchal, where a 2,000 square foot home costs on average $716,000. That’s a price per square foot of $358.

The most affordable place in Madeira to buy a house, of the locations analyzed, is São Vicente, where you can purchase a 2,000 square foot home for as little as $412,000, or $206 per square foot, on average.

Here are real estate prices in Madeira’s top 5 cities:

Funchal $716,000
Calheta  $708,000
Porto Santo $556,000
Ribeira Brava $530,000
Câmara de Lobos $514,000

Ready to make Portugal your home? Find out all about how to buy a house in Portugal as a foreigner. 

Madeira Portugal property prices, in Euro

An average 200-square-meter house in Madeira sells for around €644,200, or €3,221 per square meter. Property prices in Madeira have changed by 10.5% compared to last year.

Of the locations analyzed, the priciest properties in Madeira can be found in Funchal, going for €701,200, on average, or €3,506 per square meter.

On the other hand, the cheapest house prices in Madeira are in São Vicente, where an average-sized home goes for €404,000. That is based on an average of €2,020 per square meter.

Here are real estate prices in Madeira’s top 5 cities:

Funchal €701,200
Calheta  €692,200
Porto Santo €545,000
Ribeira Brava €519,000
Câmara de Lobos €502,000

Home prices vary depending on the condition of the property, the size of the home, and, of course, the location. For example, apartments and homes located in historic town centers tend to be more expensive than in other areas of the town, partly because of their proximity to amenities and partly because of their higher rental value. Moreover, properties in need of extensive renovation are typically priced much lower than those that are in move-in condition.

Methodology:

• When using or citing this data, please give credit with a link to My Dolce Casa
• Home price data source: Idealista.pt valid as of the date of this report
• Original prices published in euros per square meter
• Euros converted to U.S. dollars at an exchange rate valid as of the date of this report
• Square meters converted to square feet
• The average price of a 2,000 square foot home was calculated by multiplying the price per square foot in USD by 2,000
• The average price of a 200 square meter home was calculated by multiplying the price per square meter in Euro by 200