Madeira Sets New Construction Benchmark at €1,020 per Square Meter
Madeira GuideThe Regional Government of Madeira has established a new standard rate of €1,020 per square meter for the construction industry. This regulation aims to stabilize the construction market and support economic growth on the island.
In a move to stabilize the construction industry and support economic growth, the Regional Government of Madeira has set a new standard value of €1,020 per square meter for construction purposes. This regulation was published in the Diário da República and will be effective immediately.
The decision, approved during a Regional Government Council meeting on February 26, 2026, is part of the government's broader strategy to regulate the construction market on the island. The standardized rate is expected to bring more predictability to construction projects and investments.
Impact on Local Economy
The fixed rate is anticipated to benefit both local residents and investors by providing a clear framework for construction costs. This could potentially lead to more affordable housing and infrastructure developments, contributing positively to Madeira’s economy.
Background Context
Madeira, an autonomous region of Portugal, has been focusing on enhancing its infrastructure to attract more tourists and improve living standards for its residents. This move aligns with the regional government's efforts to maintain a sustainable economic environment.
The fixed rate is part of a series of measures aimed at controlling inflation and ensuring that the construction industry remains competitive while still providing quality services.
- Standard rate set at €1,020 per square meter
- Effective immediately as per Diário da República
- Approved on February 26, 2026
- Aims to stabilize the construction market and support economic growth
Sources
Madeira Guide
Author