4% of houses for sale in Madeira cost less than €150,000

Funchal - where only 4% of houses for sale in Madeira cost less than €150,000

According to Idealista, five out of every 6 houses for sale in Portugal cost more than €150,000.

If the national average of houses – advertised on Idealista during the 4th quarter of 2023 – for sale in Portugal priced below €150,000 is approximately 15%, according to a study published by the real estate portal, both Madeira and Porto Santo has a percentage four times lower, that is, only 4% have prices below this level. Only Faro is below (3%) and even Lisbon has a higher percentage (5%).

“The majority of houses for sale advertised for less than €150,000 in this period were houses (62%), with only 38% corresponding to apartments”, the report highlights. “As for the type, the most significant are T2s (38%), followed by T3s (30%), T1s (16%), T4s or more (12%) and, finally, studios (4%)”, this at a national level.

At a regional level, 6% of properties for sale were ‘studios’ (or T0), 18% were T1, 44% were T2, 24% were T3 and 8% were T4 or more. In Porto Santo, none were ‘studios’ or T4 or more, with offers divided into 40% for T1 and 40% for T2 and 20% for T3.

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