In the 2nd semester of 2019, compared to the same semester in the previous year, the median house rental value of new lease agreements of dwellings in Portugal increased 10.8% (9.2% in the previous semester), settling at 5.32 €/m2. The number of new lease agreements of dwellings decreased 6.4%, compared to the 2nd semester of 2018 (-10.5% in the previous semester). For the first time since the beginning of this series (2nd semester of 2017), four NUTS 3 sub-regions increased the number of new lease agreements, compared to the same period in the previous year: Baixo Alentejo (+9.0%), Alto Tâmega (+8.7%), Alentejo Central (+5.1%) and Médio Tejo (+0.8%).
In the period under review, 39 municipalities, mainly located in Área Metropolitana de Lisboa and in Algarve, scored rents of new lease agreements above the national value. The municipality of Lisboa scored the highest rent of the country (11.96 €/m2) and with values equal to or above 7 €/m2, the municipalities of Cascais (10.71 €/m2), Oeiras (10.18 €/m2), Porto (8.83 €/m2), Amadora (8.33 €/m2), Almada (7.77 €/m2), Odivelas (7.67 €/m2), Matosinhos (7.55 €/m2), Loures (7.24 €/m2), Loulé and Albufeira (both 7.03 €/m2), three more municipalities than the number listed in the previous semester.
In Lisboa, the parishes of Misericórdia (14.49 €/m2), Santo António (14.25 €/m2), Estrela (14.00 €/m2), Campo de Ourique (13.98 €/m2), Santa Maria Maior (13.90 €/m2) and Parque das Nações (13.55 €/m2) scored rental values above 13.50 €/m2. In Porto, União das freguesias de Aldoar, Foz do Douro e Nevogilde registered the highest rental value (9.50 €/m2) and Campanhã scored the highest year-on-year rate of change (+21.8%) but the lowest value (7.54 €/m2).
The information in this press release does not yet reflect the current situation determined by the pandemic Covid19. It is expected that the analyzed trends will change substantially. Nonetheless, the information available today is useful to establish a reference to assess future developments. Despite the circumstances, Statistics Portugal will try to maintain the statistical production and release calendar, although some adjustments might occur associated with the impact of the pandemic in obtaining primary information.
For this reason, Statistics Portugal asks for the best collaboration by firms, households and public entities in answering to Statistics Portugal‘s requests to obtain information, using Internet and telephone as alternative channels to face-to-face contacts. In fact, the quality of official statistics, particularly its ability to identify the impacts of the Covid19 pandemic, depends crucially on this collaboration that Statistics Portugal is grateful for in advance.