Rental rates are going down in Portugal 2021
Rental rates are going down in Portugal 2021

Rental rates are going down in Portugal

This last August, the average rental price of residential real estate in Portugal fell by almost 5% on a yearly bases.

What happened?

The Idealista Price Index shows that in August this year the rental price of residential real estate in Portugal decreased by 4.9%. Today this figure amounts to 10.90 euros per square meter.

The situation in the regions

The most significant decrease in rental prices has been observed in the Lisbon region (6.2%). Next come the North (0.6%) and the Algarve (0.6%). The fastest growth in rates has taken place in Alentejo (+ 3.9%), followed by the Center (+ 3.8%) and the Autonomous Region of Madeira (an increase of 2.4%). There has been a slight growth tendency on the Azores (+ 0.9%).

Where is renting the most expensive? How about the most affordable?

The Lisbon region continues to be the most expensive (12.4 euros per square meter). Next come the Algarve (€ 9.8 per m²) and Madeira (€ 8.1 per m²). When it comes to the cheapest rental housing, we need to highlight the Autonomous Region of the Azores (6.9 euros per square meter), Alentejo (6.8 euros) and the Center (6.4 euros).

Share using
Realting uses cookies on Realting.com to analyse usage of the website and to enable content sharing on social media. Cookies may be placed by third parties. By closing this message and continuing to use the site you consent to Learn more
Yes, I agree
You have questions?
You have questions?
Get advice from our managers
_account_m_fio_3
Elena
Khotsko
Phone number
+375293706655
WhatsApp
Yusuf<br> Makka
Yusuf
Makka
Phone number
+375296748420
WhatsApp
Konstantin<br> Dvorak
Konstantin
Dvorak
Realting uses cookies on Realting.com to analyse usage of the website and to enable content sharing on social media. Cookies may be placed by third parties. By closing this message and continuing to use the site you consent to Learn more
Yes, I agree