Which islands are the most expensive and the cheapest for real estate investment?

São Miguel, particularly Ponta Delgada, tends to be the most expensive island for real estate, followed by Terceira and Faial. The cheaper islands are generally the smaller, less populated ones like Corvo, Graciosa, and Flores, where demand is lower. However, lower prices often come with fewer amenities and slower liquidity. Always verify current prices with local agencies and consider long-term trends before investing.