Statistics Portugal - Web Portal
Official Portal - Statistics Portugal
      
 

The median house rental value of new lease agreements increased by 11.6% and the number of new lease agreements increased by 4.5% compared to the same period of the previous year
House rental statistics at local level
The median house rental value of new lease agreements increased by 11.6% and the number of new lease agreements increased by 4.5% compared to the same period of the previous year - 4th Quarter 2023
28 March 2024

Summary

In 2023 (results for the last 12 months ending in the 2nd semester of 2023), the median house rental value of new lease agreements in Portugal was 7.21 €/m2, with sub-regions of Grande Lisboa (11.93 €/m2), Península de Setúbal (8.92 €/m2), Algarve, Região Autónoma da Madeira (both with 8.33 €/m2) and Área Metropolitana do Porto (7.98 €/m2) recording higher values than the national one.

In the 4th quarter of 2023, the median house rental value of the 23 637 new lease agreements in Portugal was 7.71 €/m2. This value represents a year-on-year growth of 11.6%, higher than that observed in the previous quarter (10.2%). When compared to the 4th quarter of 2022, the number of new lease agreements increased by 4.5%.

Compared to the 4th quarter of 2022, the median house rental value increased in all NUTS 3 sub-regions, except for Região Autónoma dos Açores, where it decreased by 3.2%. The highest values were recorded in Grande Lisboa (12.54 €/m2), Península de Setúbal (9.65 €/m2), Região Autónoma da Madeira (9.30 €/m2), Algarve (9.09 € /m2) and Área Metropolitana do Porto (8.64 €/m2).

In the 4th quarter of 2023, there was a year-on-year increase in the median house rental value in the 24 municipalities with more than 100 thousand inhabitants, with Funchal (23.1%), Setúbal (21 .1%) and Vila Franca de Xira (20.3%) standing out with increases of more than 20%. Lisboa had the highest median rental value (15.51 €/m2), although the year-on-year growth rate was lower than the national one (9.8%). The number of new lease agreements decreased, compared to the same quarter last year, in six of the 24 municipalities with more than 100 thousand inhabitants, most notably in Maia (-13.1%) and Funchal (-10.3%).


Press release
Download the document PDF (3194 Kb)
Tables
Excel Excel (2126 Kb)
ZIP CSV (66 Kb)