Property Prices in Funchal, Portugal

Index Info
Price to Income Ratio: 16.13
Mortgage as Percentage of Income: 130.70%
Loan Affordability Index: 0.77
Price to Rent Ratio - City Centre: 13.70
Price to Rent Ratio - Outside of Centre: 15.06
Gross Rental Yield (City Centre): 7.30%
Gross Rental Yield (Outside of Centre): 6.64%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,237.50 € 1,000.00-1,600.00
Apartment (1 bedroom) Outside of Centre 908.33 € 800.00-1,000.00
Apartment (3 bedrooms) in City Centre 2,200.00 € 1,500.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,300.00 € 1,000.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 341.74 € 260.13-416.85
Price per Square Feet to Buy Apartment Outside of Centre 251.67 € 171.87-323.86
Salaries And Financing
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Average Monthly Net Salary (After Tax) 990.00 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.27 3.75-5.43

These data are based on 63 entries in the past 18 months from 11 different contributors.
Last update: March 2024

Sources and References
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