Property Prices in Funchal, Portugal

Index Info
Price to Income Ratio: 15.31
Mortgage as Percentage of Income: 116.47%
Loan Affordability Index: 0.86
Price to Rent Ratio - City Centre: 15.12
Price to Rent Ratio - Outside of Centre: 12.59
Gross Rental Yield (City Centre): 6.61%
Gross Rental Yield (Outside of Centre): 7.94%
Rent Per Month
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1 Bedroom Apartment in City Centre 1,335.71 € 1,100.00-1,500.00
1 Bedroom Apartment Outside of City Centre 1,139.83 € 1,000.00-1,200.00
3 Bedroom Apartment in City Centre 2,231.67 € 1,800.00-2,500.00
3 Bedroom Apartment Outside of City Centre 1,754.00 € 1,300.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 396.07 € 343.74-441.29
Price per Square Feet to Buy Apartment Outside of Centre 271.94 € 241.55-371.61
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,173.86 €
Annual Mortgage Interest Rate (20-Year Fixed, in %) 4.52 3.10-5.43

These data are based on 68 entries from 12 contributors over the past 18 months.
Last update: 10 April 2026

Sources and References
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