Machico Real Estate Guide 2026
Overview
Charming Madeira town with affordable property prices. Average prices: €2,877/m². 61% below Lisbon prices.
Property Prices
- T0 tier — Average new build: €3,248/m²; Average resale: €2,204/m²
- T1 tier — Average new build: €2,940/m²; Average resale: €1,995/m²
- T2 tier — Average new build: €2,800/m²; Average resale: €1,900/m²
- T3 tier — Average new build: €2,520/m²; Average resale: €1,710/m²
Rental Yields
- T1 tier: 5.5%
- T2 tier: 5.6%
- T3 tier: 5.6%
Market Outlook
Annual price growth: 3.8% · Forecast: positive · up
Housing Stock
Area: Madeira · town · Investment category: coastal · 7,000 apartments · 120 new units/year
Machico
Character and Identity: The second most important city, located in a green valley.
National Role: Historical and touristic (imported yellow sand beach).
Historical Development: The official landing site of Zarco and Teixeira in 1419.
Interesting Facts: Legend tells of two English lovers who fled by ship, drifted here and died, and their grave was found by Portuguese explorers years later – a sign that someone was there before. The Azores (Açores).