House prices in the Autonomous Region of Madeira increased by 2.2% in February compared to the previous month. According to the idealista price index, buying a house had a cost of 1,956 euros per square meter (euros/m2) at the end of February this year, taking into account the median value.
In February, house purchase prices in the Region increased in Ponta do Sol (4.4%), Câmara de Lobos (3.2%), Funchal (2.2%), Calheta (1.8% ), Santa Cruz (1.2%) and Santana (0.4%). On the other hand, prices fell in Machico (-4.1%) and Ribeira Brava (-0.5%). In São Vicente, prices remained unchanged in the second month of the year.