The value of homes for hire in Portugal fell on common by 4.3% in 2021, to € 10.70 per sq. meter (euros / m2), nonetheless some areas nonetheless present sturdy worth development.
In line with the Idealista worth index, renting a home in Portugal had “a price of 10.70 euros / m2” on the finish of December final 12 months, bearing in mind “the median worth”.
The evaluation carried out by Idealista additionally confirmed that in Lisbon, the worth of leases fell by 2.9%, which was the “solely lower within the nation in 2021”, by way of cities, the associated fee per sq. meter being now € 13.40.
Whereas the worth of homes for hire has fallen within the Autonomous Area of the Azores (-8.7%), within the Metropolitan Space of Lisbon (-4%) and within the North (-1.7%), costs rents have gone up. within the Alentejo (9.5%), the Algarve (7.6%), the Autonomous Area of Madeira (6.6%) and the Heart of the nation (4.9%).
The report discovered that: “The Lisbon metropolitan space, with 12.40 euros / m2, continues to be the most costly area, adopted by the Algarve (9.80 euros / m2), the North (9.80 euros / m2), 10 euros / m2) and the Autonomous Area of Madeira (8.60 euros / m2) ”.
The most affordable areas to hire are the Heart (6.50 euros / m2), the Autonomous Area of the Azores (6.60 euros / m2) and Alentejo (7.00 euros / m2).