Rental prices rise again

  • 24 May, 23

A lack of supply compared to the high demand in the rental market continues to fuel the escalation in house prices for rent in Portugal.

Data from the National Statistics Institute (INE) reveal that housing rents were 4.3% more expensive in April 2023 compared to the same period last year.

“The year-on-year change in housing rents per square meter was 4.3% in April 2023 (4.2% in the previous month)”, indicates INE.

All regions showed positive year-on-year variations in housing rents. The highlight was for the Autonomous Region of Madeira, as it recorded a “more intense” increase in house rents (4.9%).

Compared to the previous month, the average value of housing rents per square meter rose by 0.4% (0.5% in the previous month). “The region with the highest positive monthly change was the North (0.5%), with no region having seen a negative change in the respective average value of housing rents”, highlights the institute.

Cre: Portugalnews

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