In the 1st quarter of 2021 (provisional data), the median house rental value of 19 472 new lease agreements in Portugal scored 5.80 €/m2. This value represents a year-on-year growth rate of +5.5% in the country, higher than registered in the previous quarter (+3.8%). There was, however, a reduction in the number of new lease agreements in the country compared to the 1st quarter of 2020 (-6.5%).
The year-on-year growth rate of median house rental value was different within the country, in 10 out of the 24 municipalities with more than 100 thousand inhabitants there was a reduction in median house rental value. In the metropolitan areas stood out municipalities with higher values of new lease agreements and simultaneously with a decrease of a year-on-year growth rate of median house rental values: Lisboa (-9.2%), Porto (-6.7%), Oeiras (-6.2%), Odivelas (-3.1%) and Almada (-1.1%).