Rent property

Having a property by the beach is, increasingly, the decision of those who decide to buy a property in Portugal, both for Portuguese families and foreign investors.

A heat wave has invaded Portugal in recent days, highlighting how important it is to live in energy-efficient homes. And not only that: it has also shown how air conditioning can be a great ally to escape the hottest days of the summer.

Is it better to rent or buy in Portugal? Is buying property in Portugal a good investment?

Are you thinking of moving to Portugal in 2022? If a new life in the Algarve is on your radar, look no further, as your new place in the sun could become a reality sooner rather than later, with our selection of over 300 houses and flats for rent in the Algarve from 400 euros.

In the current climate of rising interest rates and changing mortgage conditions, many people prefer to rent property instead of buying, not to mention the significant sum of money that in many cases has to be paid up front as a deposit and that many struggle to afford.

In Portugal, things tend to cool down during autumn and winter. However, in the case of the Portuguese rental market, things really started to heat up at the end of 2021. The cost of renting a property in Portugal saw notable increases, while the number of new rental contracts signed also went up.

In Portugal, there is a shortage of houses for rent in the residential market. As a result of high demand, properties across Portugal are only on the market for a short time. To be precise, about 30% of the houses rented in February via idealista were on the Portuguese market less than a week.

When choosing a house to rent, one of the key factors is the cost.

The Alentejo Science and Technology Park (PACT), based in Évora, wants to attract digital nomads to the region, betting on the "fantastic conditions" of the area and the opportunities created by the Covid-19 pandemic. "We are launching a strategy to attract digital nomads to the Alentejo".

Rental housing is a market that is staying buoyant, even in pandemic times. More and more families are renting their homes in Portugal. The price of houses for rent is showing signs of growth. Rental subsidies continue at a good pace, although they do not reach all families.