Imofolio
Sign inGet started for free

Madalena · report

New homes in Madalena

4.2% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
31
Per 1,000 residents
4.5

Homes licensed for construction in Madalena

Dwellings in new buildings licensed over the previous 12 months, at each month.

  • Madalena
  • Ten-year average
Show the numbers
PeriodMadalena
Aug 202631
Jul 202626
Jun 202627
May 202625
Apr 202623
Mar 202634
Feb 202632
Jan 202632
Dec 202535
Nov 202537
Oct 202539
Sep 202540
Aug 202541
Jul 202549
Jun 202550
May 202554
Apr 202556
Mar 202546
Feb 202544
Jan 202543
Dec 202437
Nov 202437
Oct 202435
Sep 202438
Aug 202438
Jul 202433
Jun 202431
May 202430
Apr 202430
Mar 202432
Feb 202433
Jan 202437
Dec 202339
Nov 202336
Oct 202335
Sep 202329
Aug 202330
Jul 202328
Jun 202331
May 202330
Apr 202330
Mar 202320
Feb 202332
Jan 202330
Dec 202219
Nov 202227
Oct 202234
Sep 202224
Aug 202234
Jul 202244
Jun 202232
May 202239
Apr 202240
Mar 202239
Feb 202245
Jan 202250
Dec 202152
Nov 202155
Oct 202154
Jul 202146
Apr 202145
Jan 202132
Oct 202023
Sep 202025
Aug 202021
Jul 202019
Jun 202033
May 202031
Apr 202031
Mar 202033
Feb 202030
Jan 202028
Dec 201929
Nov 201932
Oct 201933
Sep 201932
Aug 201935
Jul 201935
Jun 201926
May 201924
Apr 201925
Mar 201923
Feb 201923
Jan 201926
Dec 201825
Nov 201832
Oct 201833
Sep 201832
Aug 201829
Jul 201832
Jun 201828
May 201831
Apr 201832
Mar 201833
Feb 201832
Jan 201830
Dec 201732
Nov 201719
Oct 201719
Sep 201721
Aug 201722
Jul 201720
Jun 201720
May 201719
Apr 201719
Mar 201719
Feb 201725
Jan 201725
Dec 201625
Nov 201629
Oct 201636
Sep 201634
Aug 201639
Jul 201647
Jun 201646
May 201645
Apr 201642
Mar 201644
Feb 201638
Jan 201637
Dec 201535
Nov 201533
Oct 201524
Sep 201524
Aug 201518
Jul 20159
Jun 20159
May 201510
Apr 201511
Mar 201510
Feb 20159
Jan 20158
Dec 20148
Nov 201410
Oct 201411
Sep 201411
Aug 201411
Jul 201413
Jun 201411
May 201411
Apr 201417
Mar 201411
Feb 201413
Jan 201419
Dec 201317
Nov 201315
Oct 201316
Sep 201311
Aug 201313
Jul 201313
Jun 201313
May 201315
Apr 201312
Mar 201316
Feb 201318
Jan 201314
Dec 201215
Nov 201216
Oct 201216
Sep 201216
Aug 201221
Jul 201221
Jun 201221
May 201219
Apr 201220
Mar 201217
Feb 201216
Jan 201217
Dec 201116
Nov 201116
Oct 201118
Sep 201118
Aug 201113

Homes finished and licensed each year in Madalena

Homes completed in new buildings (columns) against homes licensed for construction (line), each year since 2011. INE.

  • Homes finished
  • Homes licensed
Show the numbers
YearHomes finishedHomes licensed
20253335
20243037
20234039
20222126
20211852
20203328
20192829
20182125
20172632
20162325
20151235
2014108
20131619
20122315
20112416
Homes finished per 1,000 residents, 2025
4.8

Who built the homes finished in Madalena

Who built the homes completed each year, as a share of that year. INE, since 2011.

  • Cooperatives and others
  • Public bodies
  • Private individuals
  • Companies
Show the numbers
YearCompaniesPrivate individualsPublic bodiesCooperatives and othersTotal
202518.2%81.8%0.0%0.0%33
202416.7%83.3%0.0%0.0%30
20235.0%92.5%0.0%2.5%40
20220.0%100.0%0.0%0.0%21
202111.1%88.9%0.0%0.0%18
202039.4%60.6%0.0%0.0%33
201917.9%82.1%0.0%0.0%28
20180.0%100.0%0.0%0.0%21
201726.9%73.1%0.0%0.0%26
201647.8%52.2%0.0%0.0%23
20158.3%91.7%0.0%0.0%12
201410.0%90.0%0.0%0.0%10
201318.8%81.3%0.0%0.0%16
201217.4%82.6%0.0%0.0%23
20110.0%100.0%0.0%0.0%24

Homes finished in Madalena, by number of bedrooms

Homes completed in new buildings by number of bedrooms, as a share of each year. INE.

  • Four or more
  • Three bedrooms
  • Two bedrooms
  • Studio or one bedroom
Show the numbers
YearStudio or one bedroomTwo bedroomsThree bedroomsFour or moreTotal
202539.4%42.4%15.2%3.0%33
202450.0%36.7%13.3%0.0%30
202337.5%40.0%22.5%0.0%40
202214.3%47.6%33.3%4.8%21
20215.6%66.7%27.8%0.0%18
202021.2%57.6%21.2%0.0%33
201921.4%35.7%39.3%3.6%28
20189.5%23.8%61.9%4.8%21
201711.5%57.7%23.1%7.7%26
201656.5%39.1%4.3%0.0%23
201525.0%33.3%33.3%8.3%12
201440.0%30.0%20.0%10.0%10
20136.3%56.3%25.0%12.5%16
201213.0%34.8%43.5%8.7%23
20118.3%37.5%41.7%12.5%24

A licence is permission to build, not a finished home: most are completed one to three years later, and some never are. INE publishes licensing three months at a time, so four windows make a year.

Other reports for Madalena

Next 12 months

Asking prices have an 80% chance of landing between €1,996/m² and €2,523/m² by September 2027.

Expected, September 2027
€2,259/m²
Chance of a rise
68%

Affordability

At the median sale price, a 90 m² home costs €114,930. With 10% down and a 30-year mortgage, the payment is €436 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
18%
Payment, one income
35%

Buy or rent

Owning a 90 m² home costs less each month than renting it. Owning counts interest, running costs and the return the deposit could earn, at the median sale price. Repaying the loan is saving, so it is left out.

Rent per month
€449
Owning per month
€403

Foreign buyers

Figures for Região Autónoma dos Açores: Madalena has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 15.8% more per m² than buyers living in Portugal.

Abroad against residents
+15.8%

Past cycles

Asking prices have fallen by 3% or more 2 times since 2023. The deepest began in January 2024.

Deepest fall
−12.4%
Recovery from the low
6 months

People and new homes

In 2025 the population grew by 113 while 33 homes were finished: 3.4 new residents for every new home.

New residents per new home, 2025
3.4
Population change, 2025
+113

Empty homes

12.0% of the 3,620 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
12.0%
Empty homes
435

Renovation

In 2025, 26% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
26%
Reconstructions per 100 new buildings
0.0

Data: INE, ECB and others · updated October 27, 2026

Asking prices and bank valuations are not sale prices. This is a description of public data, not financial advice.

Made with Imofolio · imofolio.com/en/market/portugal/madalena/supply

Selling homes in Portugal? Keep the whole sale in one place.

Imofolio is the CRM for estate agents and agencies: properties, buyers, viewings, proposals and your own website, from the first enquiry to the closing.

Try free for 3 daysTalk to the team