In the 3rd quarter of 2021 (provisional data), the median house rental value of 22 305 new lease agreements in Portugal was 6.08 €/m2. This value represents a year-on-year growth rate of +7.4% in the country, higher than the one registered in the previous quarter (+11.5%). There was, however, a reduction in the number of new lease contracts in the country compared to the 3rd quarter of 2020 (-4.2%).
Compared to the 3rd quarter of 2020, the median house rental value increased in 22 out of the 25 NUTS III sub-regions, with the highest growths in the Alentejo Litoral (+16.6%), Beiras e Serra da Estrela (+16.4%) and Beira Baixa (+10.1%). The highest house rental values were registered in Área Metropolitana de Lisboa (9.04 €/m2), Algarve (6.78 €/m2), Área Metropolitana do Porto (6.65 €/m2) and Região Autónoma da Madeira (6.28 €/m2).
In the 3rd quarter of 2021 (provisional data), there was a year-on-year increase in the median house rental value in 23 out of the 24 municipalities with more than 100 thousand inhabitants (17 municipalities in the previous quarter), standing out Porto (+3.7%), Oeiras (+1.5%) and Lisboa (+0.1%) which presented positive year-on-year growth rate in the median house rental value for the first time since the 2nd quarter of 2020.