Savoy Residence / Monumentalis
Funchal, São Martinho 3 Available units
Residential project with T2 to T3 apartments, shaped around coastal living.
Typologies
| Type | Units | Area | Price |
|---|---|---|---|
| T2 | 2 | 154 - 175 m² | €2.3M - €2.5M |
| T3 | 1 | 175 m² | €2.7M |
Project details
- First publication
- 25/09/2026
Location and access
Beach on foot5 minPraia Formosa
Nearest airport24 minMadeira Airport
International schools8 minInternational School of Madeira
Available units
| Level | Typologies | Baths | Parking | Int. area | Price |
|---|---|---|---|---|---|
| 1 | T2 | 4 | 3 | 154 m² | €2.3M |
| 1 | T2 | 4 | 3 | 175 m² | €2.5M |
| 1 | T3 | 4 | 3 | 175 m² | €2.7M |
Competitive landscape
Price distribution
14 881 €/m²
174.1% above the neighbours’ median
Neighbouring projects by distance
Price forecast
1. Location price
Average asking price in São Martinho
4 395 €/m²
Average asking price in São Martinho, including new builds and resale homes.
2. Market dynamics
Growth 12 months
+7.2%
Growth 24 months
+23.2%
Forecast 12 months
+14.3%
Forecast 24 months
+30.7%
3. Price in this project
Average price in this project
14 881 €/m²
Forecast 12 months
17 015 €/m²
Forecast 24 months
19 454 €/m²
4. Asking price history and projection
Projection based on the 5-year CAGR.
São MartinhoMadeira (Ilha)
Sources: Sava New Build Index, Idealista