How much does it cost to buy a apartment in Funchal?
The median asking price for apartments in Funchal is 5.323 €/m². Measured across 1.545 on-market listings.
How prices are spread
The apartment market in Funchal
Apartments in Funchal are currently asking a median of 5.323 €/m². Half of them are listed between 4.167 €/m² and 6.733 €/m². A typical listing asks 590.000 € for 115 m².
Put in context, that is 11% above the R. A. Madeira district median and 34% above the national median for apartments.
Funchal is not one market. Across its 9 measurable parishes, the most expensive is Funchal (Santa Luzia) at 6.500 €/m² and the cheapest is Funchal (São Pedro) at 4.345 €/m². Picking the right parish matters more here than timing the market.
Price by typology
| Typology | Median price (€) | Median area (m²) | €/m² | Listings |
|---|---|---|---|---|
| T1 | 455.000 | 74 | 5.827 | 373 |
| T2 | 570.000 | 110 | 5.243 | 591 |
| T3 | 795.000 | 166 | 5.017 | 334 |
| T4 | 1.195.000 | 257 | 4.354 | 72 |
| null | 530.000 | 101 | 5.114 | 69 |
Smaller homes cost more per m². A T1 above a T3 on €/m² is normal, so compare the price column when you are choosing a size, and the €/m² column when you are comparing areas.
Price by parish
| Area | €/m² | Listings |
|---|---|---|
| Funchal (Santa Luzia) | 6.500 | 174 |
| Funchal (Santa Maria Maior) | 6.000 | 55 |
| Imaculado Coração de Maria | 5.786 | 45 |
| Funchal (Sé) | 5.497 | 115 |
| São Gonçalo | 5.495 | 13 |
| São Martinho | 5.192 | 947 |
| Monte | 5.097 | 22 |
| Santo António | 4.466 | 93 |
| Funchal (São Pedro) | 4.345 | 72 |
Gross rental yield
Median rent of 18 €/m² per month against a median sale price of 5.323 €/m².
Gross: before costs, taxes and vacancy.
282 properties in Funchal are listed below their comparables
That is how many on-market listings here are asking less per m² than the nearest similar properties. Tell us what you are looking for and we will show you which ones, and alert you the moment a new one appears.
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Frequently asked questions
What is the price per m² for apartments in Funchal?
How much does a apartment cost in Funchal?
Which areas of Funchal are cheapest?
How much does a T2 or T3 cost in Funchal?
What is the rental yield in Funchal?
Other property types here
Asking prices across every major Portuguese property portal, each property counted once. Updated daily.