Rent prices in Portugal increase in second trimester

Written By Lara Silva

Idealista reports that rental prices continue to increase in Portugal, registering a 2.6% increase in the second trimester of the year, in contrast to the first trimester. Renting a property at the end of June had an average cost of €11,3 per m2. From May to June, rental prices went up 0.9%.

The rise in rental prices happened in almost every district capital in Portugal. Leiria (10.9%) led the list with the greatest rent increase in the second trimester of 2022.

The following district capitals followed: Viseu (7,6%), Funchal (7%), Aveiro (6.1%), Lisboa (4.8%), Santarem (4.7%), Porto (4.1%), Braga (3%), Faro (2.9%), and Setubal (0.7%).

In contrast, rental prices decrease in Coimbra (-7.7%) and Viana do Castelo (-0.7%).

The most expensive city to rent in Portugal remains Lisbon at an average of €14.5 per m2, followed by Porto (€11.4 per m2) and Funchal (€10.4 per m2). 

The cheapest cities to rent in Portugal are Viseu (€5.6 per m2), Santarem (€5.8 per m2), Viana do Castelo (€6.1 per m2), Leiria (€6.6 per m2) and Braga (€6.7 per m2).

The rental prices in Portugal increase in all regions of the country except in the Azores (-6.4%) and the North (-1.4%). The regions with the greatest increases are the Algarve (14.1%), Madeira (10.1%), and Alentejo (8.9%). The regions with the lowest increase in rental prices were registered in the Lisbon Metropolitan Area (3.4%) and the Center of Portugal (1.1%). 

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