Property Prices in Funchal, Portugal

Index Info
Price to Income Ratio: 9.49
Mortgage as Percentage of Income: 62.05%
Loan Affordability Index: 1.61
Price to Rent Ratio - City Centre: 13.66
Price to Rent Ratio - Outside of Centre: 10.06
Gross Rental Yield (City Centre): 7.32%
Gross Rental Yield (Outside of Centre): 9.94%
Rent Per Month
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Apartment (1 bedroom) in City Centre 833.33 € 650.00-1,300.00
Apartment (1 bedroom) Outside of Centre 675.00 € 550.00-900.00
Apartment (3 bedrooms) in City Centre 1,343.75 € 1,200.00-2,000.00
Apartment (3 bedrooms) Outside of Centre 1,156.25 € 900.00-1,600.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 219.87 € 195.09-241.55
Price per Square Feet to Buy Apartment Outside of Centre 134.71 € 116.13-157.93
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,005.71 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.81 1.00-4.50

These data are based on 71 entries in the past 18 months from 13 different contributors.
Last update: May 2023

Sources and References
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