São Miguel Island – Real Estate Investment Overview
Data updated monthly.Last update:June 4, 2026
Portugal
Confidence
Low
Market Overview: Score, Prices and Rental Yields
Market Score
7Poor
7 / 100
Investability
9Price momentum
7Rental demand
0Sales demand
0Median Sale Price
€390,000
1M
0%
1Y
0%
| Month | Median Sale Price |
|---|---|
| July | €390,000 |
| August | €395,000 |
| September | €399,250 |
| October | €399,500 |
| November | €400,000 |
| December | €400,000 |
| January | €400,000 |
| February | €400,000 |
| March | €400,000 |
| April | €398,950 |
| May | €390,000 |
| June | €390,000 |
Median Rent Price
€1,500
1M
0%
1Y
+1.7%
| Month | Median Rent Price |
|---|---|
| July | €1,480 |
| August | €1,550 |
| September | €1,500 |
| October | €1,500 |
| November | €1,500 |
| December | €1,500 |
| January | €1,500 |
| February | €1,250 |
| March | €1,500 |
| April | €1,500 |
| May | €1,500 |
| June | €1,500 |
Gross Rental Yield
6.35%
1M
-2.3%
1Y
+6.1%
| Month | Gross Rental Yield |
|---|---|
| July | 6.06% |
| August | 6.61% |
| September | 6.82% |
| October | 6.64% |
| November | 6.59% |
| December | 6.08% |
| January | 5.71% |
| February | 5.18% |
| March | 5.7% |
| April | 5.85% |
| May | 6.5% |
| June | 6.35% |
Square meter cost
€1,950
1M
0%
1Y
+8.7%
| Month | Square meter cost |
|---|---|
| July | €1,770 |
| August | €1,780 |
| September | €1,780 |
| October | €1,820 |
| November | €1,790 |
| December | €1,800 |
| January | €1,830 |
| February | €1,870 |
| March | €1,900 |
| April | €1,950 |
| May | €1,950 |
| June | €1,950 |
Market Breakdown
Listings by property size
<100m² (13%)
100—200m² (38%)
200—300m² (23%)
>300m² (26%)
| Category | Listings by property size |
|---|---|
| <100m² (13%) | 96 listings (13%) |
| 100—200m² (38%) | 268 listings (38%) |
| 200—300m² (23%) | 161 listings (23%) |
| >300m² (26%) | 189 listings (26%) |
Sales Activity Index
16 %
Rent Activity Index
5 %
Gross Rental Yield
| Category | Gross Rental Yield |
|---|---|
| <100m² | 6.78% |
| 100—200m² | 5.54% |
| 200—300m² | 7.42% |
| >300m² | 8.57% |
Square meter cost
| Category | Square meter cost |
|---|---|
| <100m² | €3,150 |
| 100—200m² | €2,170 |
| 200—300m² | €2,000 |
| >300m² | €1,770 |
Number of listings for sale
| Category | Number of listings for sale |
|---|---|
| <100m² | 91 |
| 100—200m² | 253 |
| 200—300m² | 158 |
| >300m² | 186 |
Number of listings for rent
| Category | Number of listings for rent |
|---|---|
| <100m² | 5 |
| 100—200m² | 15 |
| 200—300m² | 3 |
| >300m² | 3 |
Market Trends
Top submarkets
NameScoreGross YieldMedian Sale Price
Potential annual revenue
€18k
<100m²
€15.6k
100—200m²
€18k
200—300m²
€36k
>300m²
€60k
Median Sale Price
| Month | <100m² | 100—200m² | 200—300m² | >300m² |
|---|---|---|---|---|
| July | €209.5k | €305k | €430k | €670k |
| August | €200.0k | €315k | €430k | €695k |
| September | €205k | €310k | €430k | €690k |
| October | €212k | €310k | €440k | €729k |
| November | €202.5k | €320k | €442.5k | €695k |
| December | €229k | €325k | €435k | €695k |
| January | €229.5k | €325k | €435k | €729k |
| February | €232.5k | €339.9k | €437k | €747.5k |
| March | €240k | €339.9k | €434.0k | €750k |
| April | €225k | €335k | €439k | €700k |
| May | €215k | €325k | €450k | €700k |
| June | €230k | €325k | €485k | €700k |
Median Rent Price
| Month | <100m² | 100—200m² | 200—300m² | >300m² |
|---|---|---|---|---|
| July | €1,150 | €1,550 | €1,400 | €5,000 |
| August | €1,450 | €1,550 | €1,400 | €5,000 |
| September | €1,500 | €1,500 | €1,200 | €5,000 |
| October | €1,500 | €1,500 | €1,200 | €5,000 |
| November | €1,250 | €1,500 | -- | €5,000 |
| December | €1,200 | €1,500 | €2,300 | €3,950 |
| January | €1,150 | €1,500 | €1,700 | €5,000 |
| February | €980 | €1,500 | €1,550 | €5,000 |
| March | €1,150 | €1,500 | €2,530 | €5,000 |
| April | €1,000 | €1,500 | €3,250 | €5,000 |
| May | €1,300 | €1,500 | €3,000 | €5,000 |
| June | €1,300 | €1,500 | €3,000 | €5,000 |
Years to profit (sale to rent ratio)
| Month | <100m² | 100—200m² | 200—300m² | >300m² |
|---|---|---|---|---|
| July | 15.18 | 16.4 | 25.6 | 11.17 |
| August | 11.49 | 16.94 | 25.6 | 11.58 |
| September | 11.39 | 17.22 | 29.86 | 11.5 |
| October | 11.78 | 17.22 | 30.56 | 12.15 |
| November | 13.5 | 17.78 | -- | 11.58 |
| December | 15.9 | 18.06 | 15.76 | 14.66 |
| January | 16.67 | 18.06 | 21.32 | 12.15 |
| February | 19.87 | 18.89 | 23.49 | 12.46 |
| March | 17.39 | 18.89 | 14.32 | 12.5 |
| April | 18.75 | 18.61 | 11.26 | 11.67 |
| May | 13.78 | 18.06 | 12.5 | 11.67 |
| June | 14.74 | 18.06 | 13.47 | 11.67 |
Square meter cost
| Month | <100m² | 100—200m² | 200—300m² | >300m² |
|---|---|---|---|---|
| July | €2,640 | €2,030 | €1,780 | €1,690 |
| August | €2,530 | €2,100 | €1,800 | €1,690 |
| September | €2,590 | €2,120 | €1,800 | €1,720 |
| October | €2,770 | €2,110 | €1,850 | €1,790 |
| November | €2,700 | €2,160 | €1,860 | €1,750 |
| December | €2,860 | €2,210 | €1,820 | €1,760 |
| January | €2,940 | €2,210 | €1,830 | €1,840 |
| February | €2,980 | €2,270 | €1,840 | €1,890 |
| March | €3,080 | €2,300 | €1,800 | €1,900 |
| April | €3,000 | €2,230 | €1,820 | €1,770 |
| May | €2,950 | €2,170 | €1,860 | €1,770 |
| June | €3,150 | €2,170 | €2,000 | €1,770 |
Investment Insights by Cities
34
Gross Rental Yield
5.82 %
Median Sale Price
€436.9k
Median Rent Price
€1,550
30
Gross Rental Yield
9.68 %
Median Sale Price
€310k
Median Rent Price
€2,500
25
Gross Rental Yield
7.21 %
Median Sale Price
€419.9k
Median Rent Price
€2,500
21
Gross Rental Yield
5.51 %
Median Sale Price
€365.0k
Median Rent Price
€1,400
21
Gross Rental Yield
5.1 %
Median Sale Price
€450k
Median Rent Price
€1,430
12
Gross Rental Yield
- %
Median Sale Price
-
Median Rent Price
-
About São Miguel Island
São Miguel Island is the largest in Portugal’s Azores archipelago, located in the central Atlantic. Its volcanic landscape features crater lakes, emerald pastures and a rugged coastline that shaped a long maritime heritage. Settled towns cluster around the coast, reflecting a history of seafaring, trade and farming. The economy centers on tourism, agriculture and services, with growing activity in hospitality, fishing and light manufacturing. The connectivity—air and sea links, ports and regional administration—helps sustain a housing market that appeals to investors and long-term residents. Rental demand is driven by students, professionals, digital nomads and seasonal visitors, while the island’s mix of towns offers options near the coast and in leafy inland areas. A stable resident base, alongside recurring tourism, sustains the demand for a range of housing types.
All | 4.8 % | 144 | 15 | €349,500 | €1,300 |
Studio | 4.13 % | 61 | 9 | €378,000 | €1,300 |
1 Bedroom | 5.94 % | 14 | 3 | €242,500 | €1,200 |
2 Bedrooms | 5.92 % | 46 | 3 | €322,480 | €1,590 |
3 Bedrooms | -- % | 23 | -- | €350,000 | -- |
4+ Bedrooms | -- % | -- | -- | -- | -- |
Low Yield (<=4%)
Moderate Yield (4% - 5%)
High Yield (5% - 7%)
Very High Yield (7% - 9%)
Target Yield (>9%)
Summary and Key Takeaways
With a median rental yield of 4.8% and property prices starting at €242,500, São Miguel Island
may become a good investment option for some investors.
Median property prices in São Miguel Island are €349,500, while the median rent is €1,300. This means that a median property in São Miguel Island will pay for itself in 22.4 years.
Detailed real estate yield breakdown:
A median Studio apartment: 4.13% yield, sale price €378,000, rent €1,300.
A median 1-bedroom apartment: 5.94% yield, sale price €242,500, rent €1,200.
A median 2-bedroom apartment: 5.92% yield, sale price €322,480, rent €1,590.
A median 3-bedroom apartment: --% yield, sale price €350,000, rent --.
A median 4+ bedroom apartment: --% yield, sale price --, rent --.
Where exactly to buy the property?