House rents per square metre increased by 2.8% in August compared to the same month of 2021, accelerating from 2.7% in July and with all regions showing year-on-year growth.

According to the National Statistics Institute (INE), in August “all regions showed positive year-on-year variations in housing rents, with Lisbon and the Azores recording the most intense increases (3.1%)”.

As for the average value of housing rents per square meter, there was a monthly rise of 0.3%, the same value as the previous month.

The region with the highest positive monthly change was the Azores (0.6%), with no region having a negative change in the respective average value of housing rents.