In the 2nd quarter of 2021, the median house rental value of 20 568 new lease agreements in Portugal scored 6.03 €/m2. This value represents a year-on-year growth rate of +11.5% in the country, higher than the one registered in the previous quarter (+5.3%). The number of new lease agreements in the country also registered a sharp increase compared to the 2nd quarter of 2020 (+49.3%), a period particularly affected by the pandemic. It is also worth noting that the rate of change of the number of new lease agreements compared to the 1st quarter 2021, a period also marked by mobility restrictions as a result of the pandemic, was +3.0% (-9.3% in the previous quarter).
The median house rental value increased in 20 out of the 25 NUTS 3 sub-regions, with Oeste (+12.3%), Região de Aveiro (+11.9%), Região Autónoma da Madeira (+11.3%) and Área Metropolitana do Porto (+10.2%), standing out with higher year-on-year growth rates. The highest house rental values were registered in Área Metropolitana de Lisboa (8.82 €/m2), Algarve (6.96 €/m2), Área Metropolitana do Porto (6.40 €/m2) and Região Autónoma da Madeira (6.32 €/m2).