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) .



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