Ocean Terraces
Funchal, Santa Luzia
Residential project with T1 to T3 apartments, focused on comfortable residential use.
Typologies
| Type | Units | Price |
|---|---|---|
| T1 | 4 | €490K - €690K |
| T2 | 1 | €715K |
| T3 | 9 | €490K - €1,4M |
According to Sotheby’s, HB Properties
Project details
- First publication
- 07/07/2026
- Amenities
- Pool, Parking
- Total units
- 20
- Completion
- October 2027
Location and access
Nearest beach23 minPraia de Machico
Nearest airport20 minMadeira Airport
International schools1 minInternational Sharing School Madeira
Price forecast
1. Location price
Average asking price in Santa Luzia
4 224 €/m²
Average asking price in Santa Luzia, including new builds and resale homes.
2. Market dynamics
Growth 12 months
-8,8%
Growth 24 months
-6,2%
Forecast 12 months
+14,9%
Forecast 24 months
+32,0%
3. Price in this project
Average price in this project
Not available
Forecast 12 months
–
Forecast 24 months
–
4. Asking price history and projection
Projection based on the 5-year CAGR.
Santa LuziaMadeira (Ilha)
Sources: Sava New Build Index, Idealista