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%). 

Stay up to date
Subscribe To Portugal.com's Newsletter

Receive the latest news, travel information, stories, offers and more!

Invalid email address
Give it a try. You can unsubscribe at any time.
Join our FB group Portugal Travel & Living for all things Portugal and news updates
Previous article
Next article

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Follow Us

451FansLike
2,328FollowersFollow
159FollowersFollow

Most Popular

Portugal’s Golden Visa Now Accessible for Less Than €175,000

The Golden Visa investment in Portugal changed significantly in 2023, when property was removed from the list of options. With investing in property no...

Guide to Renting in Portugal

Moving to a new country like Portugal comes with its challenges, despite the country's 300 days of sun and inviting community. One of the...

How to Save Money on Your Trip to Portugal: 12 Tips to Help You Spend Less

Let’s face it: travel is getting more expensive around the world. And even Portugal, often regarded as one of the cheapest places to travel...

Latest Articles