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House prices in Funchal

In Funchal, the median price of homes sold from April 2025 to March 2026 was 3,322 €/m². Compared with the previous 12 months (April 2024 to March 2025), the price rose 7.2%. It is the most expensive municipality in Madeira, out of 11 with data.

Data: INE, homes sold from April 2025 to March 2026 · published on 17 July 2026

3,322 €/m²all homes
3,179 €/m²existing homes
3,867 €/m²new homes
+7.2%change in a year

What the figures say

  • It is 53% above the national figure (2,168 €/m²).
  • The typical municipality in Madeira is at 1,722 €/m²; prices range from 1,331 €/m² (São Vicente) to 3,322 €/m² (Funchal).
  • New homes sold 22% above existing ones.
  • At the median price, 100 m² comes to about 332,000 €.
  • In new leases from July 2025 to June 2026, the median rent was 14.03 €/m² a month, a gross yield of 5.1% a year. See rents and yields on the map →
  • The bank valuation for August 2026 was 2,911 €/m² (apartments 3,333, houses 2,510). It is the value banks give to homes bought with a mortgage, so it can differ from the sale price.

Price by parish

The INE publishes its own figure for 10 parishes in Funchal, where there were enough sales.

ParishAll€/m²Existing€/m²New€/m²In a year
São Martinho4,1954,2224,149+10.1%
Funchal (Sé)3,8513,765··
Funchal (São Pedro)2,9632,930··
Funchal (Santa Luzia)2,8952,895··
Imaculado Coração de Maria2,8832,883··
São Gonçalo2,7592,562··
Funchal (Santa Maria Maior)2,7252,6463,194·
Santo António2,6922,549··
São Roque2,2012,200··
Monte2,0081,839··

· no figure published by the INE (few sales).

See Funchal on the price map →

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Questions about prices in Funchal

How much does a square metre cost in Funchal?

According to the INE, the median price of homes sold in Funchal from April 2025 to March 2026 was 3,322 €/m²: 3,179 €/m² for existing homes and 3,867 €/m² for new ones. At the median price, 100 m² comes to about 332,000 €.

Are house prices rising in Funchal?

Compared with the previous 12 months (April 2024 to March 2025), the price rose 7.2%.

What is my home worth in Funchal?

It depends on the parish, condition, floor and finishes, which can move the value a long way from the municipal median. The estimate on this page gives a first figure; for an accurate one, we take the details of your home and do a free valuation based on real sales nearby. Call us on +351 913 066 964.

Selling in Funchal?

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