Prices for homes available for rent in Portugal have increased by an average of 20.2%, compared to December prices last year, according to the Idealista portal price index.
This month, the cost of renting a house was 12.9 euros per square meter (€/m2), taking into account the average value. Regarding the monthly variation, the increase was 3.4% and the quarterly variation was 9.3%.
The rental price rose in November in thirteen provincial capitals, with Porto being the “champion” on the rise, an increase of 37.7%. Followed by Aveiro (37.1%), Lisbon (35%), Santarém (31.7%), Funchal (29.6%), Ponta Delgada (27.5%), Viana do Castelo (20.9%), Braga (17.6%), Leiria (17.3%). ) %), Setubal (15.3%), Castelo Branco (14.7%), Coimbra (8.8%) and Faro (5.7%).
Lisbon is still the city where it is more expensive to rent a house: 18 € / m². Porto (14.7 €/m2) and Funchal (11.5 €/m2) rank second and third, respectively. The most economical cities are Castelo Branco (6€/m2), Liria (6.8€/m2) and Santarem (6.8€/m2), according to Idealista.
In terms of provinces, Vila Real (46.2%), Evora (37.6%) and Viseu (34.1%) led the rise in rental prices, followed by Viana do Castelo (32.2%) and Lisbon (28.7%).
Lisbon (16.3€/m2) and Porto (12.3€/m2) are the areas where it is most expensive to rent a house.
Andrea Hargraves is a contributor to Brytfmonline.com, covering a broad range of topics including news, politics, business, technology, sports, entertainment, and lifestyle. She is committed to delivering clear, accurate, and reader-focused reporting that helps audiences stay informed about current events and emerging developments. Andrea’s work emphasizes useful information, balanced coverage, and stories that matter to everyday readers, making complex topics accessible and relevant to a wide audience.