Sé — Funchal, Portugal
Sé, nestled in the heart of Funchal, Madeira, is a vibrant neighborhood steeped in history and culture. Known for its charming cobblestone streets and proximity to the majestic Funchal Cathedral, Sé attracts a diverse mix of locals and expatriates. The real estate market here is dynamic, with average sale prices around €981,343 and properties ranging from cozy T1s to spacious T3s and T4s. Despite the premium prices, the investment appeal remains strong, especially for T1 units offering yields of 4.3%. The area's allure is further enhanced by its stunning coastal views, a plethora of dining options, and lively cultural scene, making it a compelling choice for investors seeking both value and lifestyle.
Investor profile: Ideal for discerning investors seeking a blend of cultural richness and modern living. Sé caters to those valuing premium real estate coupled with strong rental yields, particularly in T1 apartments.
Market Data — Sé
- Average purchase price: €981,343
- Price per m²: €5,504/m²
- Average monthly rent: €1,953
- Estimated annual yield: 2.4%