Rental prices

The coronavirus pandemic continues to have its effect on the global property market and we've already heard that rental prices will see slight rises in Portugal in 2022. But what exactly will these price rises look like? How much will rent go up by in Portugal?

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.

Milan is the capital of Southern Europe where the effort rate of families to pay the rent of a house is the highest: 42,6%. A figure higher than that registered, for example, in Madrid (36.3%) and Lisbon (35.8%). Another Portuguese city, Setúbal, is in second place in this ranking (40.6%).

Rental prices in Portugal continue to rise in Portugal in 2021 in spite of the COVID-19 pandemic, although at a slower pace than in recent months. How much does it cost to rent a house in the country's two main cities? What are the cheapest and most expensive areas to rent in Lisbon and Porto?

The price of houses for rent has been falling in Portugal during the pandemic, with a 3% drop in average national terms over the last year.

In the midst of the COVID-19 pandemic, how is the rental market in Portugal behaving in terms of prices? At the start of 2021, rental prices in Portugal fell 0.4% in January, settling at 11.2 euros per m2.

How much does it cost to rent a house in the cheapest municipality of Portugal? And the most expensive?

The Portuguese Government has revealed that it wants to create a pool with currently vacant (or available) properties across the country, that will be turned into affordable rental housing.

The average value of housing rent in Portugal registered a monthly variation of -0.2% in May 2020, a value 0.3 percentage points (p.p.) lower than that registered in April.

House rental prices per square metre (m2) rose 3.1% in April 2020 in Portugal, compared to the same period in the previous month (March).

The Portugese Government is considering abolishing the fixed amount of money given to university students as an accommodation allowance, and adjusting it according to the average rent in the area where they study. Currently, the grant is around 170 euros, regardless of the city.

178,691 homes were sold in Portugal in 2018, 16.6% more than the previous year. This is the highest figure in the last 10 years, since 2009, according to the National Institute of Statistics (INE).