Residence rental costs drop – The Portugal Information

By TPN / Lusa, in Enterprise, Property · 09-04-2021 01:00:00 · 0 Feedback

The worth of homes for hire in Portugal fell 5.1% in March 2021 in comparison with the identical month final 12 months.

In line with Idealista Worth Index, on the finish of March this 12 months, the price of renting a home averaged € 11 per sq. meter (m2). As for the quarterly variation, the lower was 1.7%.

Over the previous 12 months, costs for homes for hire have fallen within the Lisbon metropolitan space (-6.4%), the Algarve (-2.7%) and the North (-1.3%). In distinction, the Autonomous Area of the Azores noticed the most important worth enhance, with a 19% enhance, adopted by the Middle (4.7%), the Autonomous Area of Madeira (4.6%) and the Alentejo. (2.1%).

The Lisbon metropolitan space, with € 12.6 per m2, stays the most costly area, adopted by the North (€ 9.3 per m2), the Algarve (€ 9.1 per m2) and the Autonomous Area of Madeira (8.3 € per m2). On the opposite aspect of the desk, the most cost effective areas are Middle (€ 6.3 per m2), Alentejo (€ 7.1 per m2) and the Autonomous Area of the Azores (€ 7.3 per m2) .

Associated Articles

Interactive themes, ship us your feedback / opinions on this text.

About Edith J.

Check Also

What’s subsequent for AvalonBay (AVB) this earnings season?

AvalonBay Communities, Inc. AVB is anticipated to launch its third quarter 2021 outcomes on October …