The house prices for rent in Portugal have increased by 4.9% within 1 year. These prices were recorded in November. It is observed that the prices have increased as compared with last year as house prices increase by 4.9% in various areas of Portugal.
House Prices Increase By 4.9%
Portugal is one of the most desired destinations for property due to its scenic beauty. Recently, these prices have increased compared with last year. The prices in November 2024 have increased by 4.9% since November 2023. According to the report by idealista, the price index for November this year is 16.1 Euros per square meter. This value is calculated according to the median price while considering quarterly variation as house rents decreased by 1%. The variation of Prices can be checked as follows according to different areas of Portugal.
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Capital City Districts
Some of the cities that experienced an increase in rent prices in capital city districts are as follows:
- Santarém: 4% Increase
- Braga: 8% increase
- Coimbra: 10% increase
- Setúbal: 2% increase
- Porto: 7% increase
- Lisbon: 6% increase
- Castelo Branco: 2% increase
- Leiria: 8% increase
- Viana do Castelo: 7% Increase
- Viseu: 6% Increase
Some district capital cities like Évora have seen a decrease in house rent prices (-0.5%). The house rental prices decreased by 2.3% in Aveiro. This is the only district capital that has seen a price decrease in the country. Lisbon is the city which has the highest rent price in Portugal. The rent prices in some of the cities are as follows:
- Lisbon:9 Euros per meter square
- Porto:6 Euros per meter square
- Setúbal:4 Euros per meter square
- Évora:6 Euros per meter square
- Aveiro:2 Euros per meter square
- Coimbra:2 Euros per meter square
- Braga:7 Euros per meter square
- Viana do Castelo:3 Euros per meter square
- Santarém:2 Euros per meter square
- Leiria:1 Euros per meter square
- Viseu:0 Euros per meter square
- Castelo Branco:9 Euros per meter square
Islands & Districts In Portugal
Only the Beja district has observed a decrease in rental house prices by 1.7% out of all the 18 districts. The rest of the districts have observed a price increase in Portugal. You can check the prices of all the districts and the rates by which their prices have increased.
- Portalegre:3% Increase
- Vila Real:5% increase
- Madeira Island: 18% increase
- Braga:4% Increase
- Coimbra:7% increase
- Santarém:8% Increase
- Faro:3% increase
- Setúbal:3% increase
- São Miguel island:1% Increase
- Leiria:9% Increase
- Lisbon:8% increase
- Viana do Castelo:7% increase
- Porto: 4% Increase
- Aveiro: 4% increase
- Viseu:8% Increase
- Castelo Branco:1% Increase
- Évora:4% increase
The most expensive district of Portugal is led by Lisbon which has 19.9 Euros per square meter. Check out the complete list of all the districts and their rent prices for houses according to their location in Portugal.
- Lisbon:9 Euros per square meter
- Porto:5 Euros per square meter
- Madeira Island:1 Euros per square meter
- Faro:3 Euros per square meter
- Setúbal:4 Euros per square meter
- Coimbra: 4 Euros per square meter
- Évora:4 Euros per square meter
- São Miguel island:1 Euros per square meter
- Aveiro:6 Euros per square meter
- Braga:6 Euros per square meter
- Leiria:4 Euros per square meter
- Beja:8 Euros per square meter
- Viana do Castelo:5 Euros per square meter
- Santarém: 8.2 Euros per square meter
- Portalegre:9 Euros per square meter
- Castelo Branco:1 Euros per square meter
- Viseu:2 Euros per square meter
- Vila Real:4 Euros per square meter
Different Regions In Portugal
- Autonomous Region of Madeira:5% increase
- Algarve:3% increase
- Alentejo:2% increase
- Centro:6% increase
- Autonomous Region of the Azores:5 % increase
- Metropolitan Region of São Paulo:3% increase
- North:7% increase
The average house prices in Portugal vary according to the area. Check out the price ranges from different regions of Portugal which are mentioned below:
- Greater Lisbon:3 Euros per Square meter
- Autonomous Region of Madeira:1 Euros per Square meter
- Algarve:3 Euros per Square meter
- North:2 Euros per Square meter
- Center:3 Euros per Square meter
- Autonomous Region of the Azores:6 Euros per Square meter
- Alentejo:3 Euros per Square meter
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