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.
Renting an apartment in Lisbon is more expensive than it was a year ago, but the rise in prices is slowing down. In the second quarter of the year, rental prices in the Portuguese capital rose by 1.8% over the previous quarter and by 17% in counterpart terms.
Buying a house will always be cheaper than renting in the long run, wherever it is in Portugal, according to accounts based on data from the National Institute of Statistics (Instituto Nacional de Estatística or INE).
More houses and cheaper. In the end, though, where are these houses? Nowhere. The Portuguese real estate market is in the middle of a drama: there is a lot of demand and little supply at affordable prices.
As you might have expected, life in Portugal is very cheap. Nonetheless, it is important to spend some time looking up the cost of living before you decide to buy a property in Portugal, whether you plan to live there or just want to buy a holiday home.