The rental market in Portugal is getting more and more expensive. And it is, above all, in the large urban centres near the coast where rent is higher.
More and more families are choosing to rent a house in Portugal, given increasing difficulty when it comes to getting a mortgage, but rental supply is still scarce in Portugal. This is why we have seen the increase in rental prices in Portugal month after month.
Thinking of moving to Portugal in 2023? But Is it better to buy or rent a house in Portugal? This is the question that many people ask when moving abroad, for example.
Without having managed to give an effective answer to the housing crisis, which for several reasons has been worsening in Portugal in recent years, Portuguese Prime Minister António Costa has now decided to present a new plan of attack, called "Mais Habitação", which literally means "more
Renting a home has been getting more expensive in Portugal since at least 2017. In a context of supply pressure and a shortage of property for rent in Portugal, the value of rents has not stopped rising in the last five years and reached 6.25 euros per square metre (euros/m2) in the last 12 months.
The stimulation of the rental market in Portugal is still in the Government's sights, which has in mind the creation of a mechanism of support to rents for young workers in the country.
When looking for a house to rent in Portugal, there are several factors to take into account: location, space, price, but also the conditions offered. One of the main things to consider is the question of furniture.
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.
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.
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.
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.
Housing rental prices in Portugal are set to rise again in 2022, after remaining unchanged in 2021, but after rising between 2016 and 2020. This, however, will be a slight increase, bearing in mind that, excluding housing, the inflation rate was 0.29% in July.
Renting a property in Portugal is no longer as quick. There are now fewer homes advertised that take between 1 and 6 days to find a tenant. In February 2020, around 43% of homes put up for rent in Portugal remained on the market for less than 7 days.
1st July 2021 should have marked the end of the rental support scheme managed by the Institute of Housing and Urban Rehabilitation in Portugal (IHRU), the scheme providing aid to those people renting property in Portugal who have run into difficulties due to the coronavirus crisis.
To buy or rent a house, that is the question? This is, undoubtedly, one of the biggest questions that many people face when it's time to move to Portugal.
Whether you live in Portugal and want to move house, or whether you're planning on moving to Portugal, many people will be asking the same question. Is it better to buy or rent property in Portugal in 2021? Is borrowing money from the bank to buy a house the best option during a pande