2022 Edition 14 MONTHLY STATISTICAL BULLETIN Median house rental of new lease agreements increased by 8.6% and number of new lease agreements grew by 2.1% over the same period of the previous year In the 2nd quarter of 2022 (provisional data): • The median house rental concerning the approximately 21,000 new lease agreements in Portugal was €6.55/m2, which corresponds to a year-on-year growth of 8.6% (in excess of that observed in the previous quarter, which registered 6.4%) and represents the highest variation since the 2nd quarter of 2021; • This increase in median house rental occurred in all NUTS III subregions. It should be highlighted: » Região Autónoma da Madeira: 16.3%; » Alto Tâmega: 14.8%; » Médio Tejo: 14.2%; and » Tâmega e Sousa and Região Autónoma dos Açores: 13.5% in both; • There were increases in 23 of the 24municipalities withmore than 100,000 inhabitants. The highest increases were recorded in: » Vila Nova de Famalicão: 25.2%; » Funchal: +20.7%; » Cascais: 19.6%; » Seixal: 15.9%; and » Porto: 15.7%; • In metropolitan areas, the following municipalities stood out with house rental values and year-on-year growth rates above those registered for the rest of the country: » Cascais: €12.78/m2 and +19.6%; » Lisbon: €12.61/m2 and +14.6%; » Oeiras: €11,00/m2 and +11.3%; and » Porto: €10,15/m2 and +15.7%; • The number of new lease agreements in the country registered an increase of 2.1% year-on-year, which corresponds to a strong slowdown from the 23.8% increase in the previous quarter; • In 8 out of the 25 NUTS III, there were negative rates of change in the number of new lease agreements (in the previous quarter, all regions recorded increases). The declines occurred in the regions: » R. A. Açores: 22.1%; » Baixo Alentejo: 12.0%; » Alto Tâmega: 9.8%; » Algarve: 8.6%; » Douro: 6.6%; » Alto Alentejo: 3.8%; » R. A. Madeira: 1.9%; and » Alentejo Litoral: 1.3%. • Both Área Metropolitana de Lisboa and Área Metropolitana doPorto concentrated52%of thenew lease agreements and recorded a rate of change of +1.2% and +1.6%, respectively. With regards to the previous quarter: • Median house rental increased by 6.3%; • 23 of the 25 NUTS III subregions contributed to this increase, with the highest values occurring in the following: » Alentejo Central: 12.0%; » Alentejo Litoral: 11.1%; and » Alto Tâmega: 10.2%; The decreases took place in: » Alto Alentejo: -4.3%; and » Douro: -2.5%. More information is available at: House rental at the local level – 2nd quarter of 2022 29 September 2022 Note: Figures for the most recent period are provisional. 6.4% 8.6% 23.8% 2.1% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 1Q 2022 2Q 2022 Median house rental value per m2 No. of new lease agreements Annual rates of change in median rent per m² and in the number of new leases for Portugal (year-on-year rate of change)
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