Significant Rise in Housing Bank Appraisals in Madeira for December
Madeira GuideHousing bank appraisal values in Madeira rose significantly in December, reaching €2,409 per square meter, marking a 0.7% increase from the previous month and a notable 20.5% rise compared to December 2024.
In December, the median value of bank appraisals for housing in Madeira reached €2,409 per square meter. This marked a 0.7% increase from November, equivalent to an additional €17 per square meter. Compared to December 2024, there was a substantial increase of 20.5%, translating to an increase of €409 per square meter.
These figures were published by the National Statistics Institute (INE) and shared by the Regional Directorate of Statistics of Madeira. The data indicates a continuous upward trend in housing values, reflecting the robust demand and limited supply in the region.
Specifically, the appraisal value for apartments in the region was €2,626 per square meter, also showing a 0.7% increase over the previous month. This trend highlights the growing appeal of Madeira as a desirable location for both residents and investors.
Madeira, known for its picturesque landscapes and mild climate, has been attracting a steady stream of tourists and new residents, which in turn has influenced the real estate market. The island's popularity, combined with its strategic location, continues to drive real estate prices upward.
For locals and tourists alike, understanding these trends is crucial for making informed decisions in the housing market, whether it involves purchasing property or evaluating investment opportunities.
Sources
Madeira Guide
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