The municipality of Calheta, in Madeira, leads the national ranking for average housing sales prices in September, with a value of 920,000 euros. This figure places Calheta above other municipalities such as Loulé and Oeiras, which recorded 800,000 euros.
Funchal also ranks among the ten most expensive municipalities in the country, with an average price of 650,000 euros. Calheta maintained its leading position despite a relatively moderate annual increase of 2.2%.
Other municipalities in the top ten include Castro Marim (795,000 euros), Lisbon (715,000 euros), São Brás de Alportel, Faro, Mafra, Óbidos, and Funchal. Funchal, at 650,000 euros, is on par with Óbidos in terms of expensive real estate markets.
