House rental prices down

By TPN/Lusa, in Business, Property · 09-04-2021 01:00:00 · 0 Comments

The price of houses to rent in Portugal fell 5.1 percent in March 2021 compared to the same month last year.

According to the Idealista price index, at the end of March this year, the cost to rent a house stood at an average of €11 per square metre (m2). As for the quarterly variation, the decrease was 1.7 percent.

During the last year, the prices of houses for rent decreased in the Lisbon Metropolitan Area (-6.4 percent), in the Algarve (-2.7 percent) and in the North (-1.3 percent). On the other hand, the Autonomous Region of the Azores saw the greatest increase in prices, with a rise of 19 percent, followed by the Centre (4.7 percent), the Autonomous Region of Madeira (4.6 percent) and the Alentejo (2.1 percent).

The Lisbon Metropolitan Area, with €12.6 per m2, continues to be the most expensive region, followed by the North (€9.3 per m2), Algarve (€9.1 per m2), and the Autonomous Region of Madeira (€8.3 per m2). On the opposite side of the table, the cheapest regions are Centre (€6.3 per m2), Alentejo (€7.1 per m2) and Autonomus Region of the Azores (€7.3 per m2).

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