Property Prices in Funchal, Portugal

Index Info
Price to Income Ratio: 15.91
Mortgage as Percentage of Income: 128.96%
Loan Affordability Index: 0.78
Price to Rent Ratio - City Centre: 13.53
Price to Rent Ratio - Outside of Centre: 13.45
Gross Rental Yield (City Centre): 7.39%
Gross Rental Yield (Outside of Centre): 7.44%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,260.00 € 1,000.00-1,600.00
Apartment (1 bedroom) Outside of Centre 956.25 € 800.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,133.33 € 1,500.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,516.67 € 1,200.00-1,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 336.21 € 260.13-416.85
Price per Square Feet to Buy Apartment Outside of Centre 246.75 € 171.87-323.86
Salaries And Financing
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Average Monthly Net Salary (After Tax) 985.71 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.27 4.50-5.43

These data are based on 84 entries in the past 18 months from 15 different contributors.
Last update: December 2024

Sources and References
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