Madeira ranks among the Portuguese regions with the highest per-square-meter prices for housing rentals. According to recent data from the real estate portal Imovirtual, covering the average of the last three months, the price on the island stands at 22 euros per square meter per month.
This figure places the Autonomous Region of Madeira on par with the Algarve and just one euro below Porto (€23/m²), while Lisbon leads the national market at €27/m². The national average is €23/m², with Madeira slightly below.
Imovirtual's data indicates that the highest prices are concentrated in urban areas and regions with significant tourist pressure. Analyzing the price per square meter is considered a more accurate way to compare the effective cost of living space across different territories.
