This information is available in the Residential Rent Index, focusing on the city of São Paulo, which recorded "the largest annual drop in the last four years."

"After registering virtually no quarterly variation (0.3%) in the second quarter of 2024, rents contracted in the capital fell 2.7% in the following quarter, falling again 1.5% in the first quarter of this year. The second quarter of 2025 saw a recovery in this indicator, with a quarterly variation of 0.7%, but this is not enough to alleviate the year-on-year trend."

As for the city of Porto, "the trend of decreasing rents continues quarterly." According to Confidencial Imobiliário, the decline in rental prices is recorded for the "third consecutive quarter." A press release reveals that "rents in Porto recorded a 0.7% variation when comparing the second quarter of 2025 with the same period in 2024."

"Despite a quarterly recovery in rents in Lisbon, the current market situation continues to be one of cooling prices, as demonstrated by the performance over the last year. This scenario reflects the increased influx of homes for rent, visible since mid-2023 in both Lisbon and Porto. In a natural market adjustment, with more supply, there is less pressure on demand, and rents fall. However, paradoxically, this increase in supply ended up being a reaction by landlords to a market in which rents rose by 30% in one year, reaching record levels," comments Ricardo Guimarães, director of Confidencial Imobiliário, quoted in the press release.