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Median house rental value of new lease agreements increased 7.6% and the number of new lease agreements decreased -5.5% compared to the same period in the previous year
House rental statistics at local level
Median house rental value of new lease agreements increased 7.6% and the number of new lease agreements decreased -5.5% compared to the same period in the previous year - 3rd Quarter 2022
22 December 2022

Summary

In the 3rd quarter of 2022 (provisional data) the median house rental value for the 22 138 new lease agreements in Portugal was 6.55 €/m2. This value of the median house rental represents a year-on-year growth rate of +7.6% and a decrease of -1 p.p. compared to the value of the previous quarter. There was a year-on-year decrease of -5.5% in the number of new contracts (+2.1% in the previous quarter).

Compared to the same period last year, in the 3rd quarter of 2022 (provisional data) median house rental value increased in all NUTS3 sub-regions, except for Região Autónoma dos Açores, where it decreased by -5.3%. The regions of Alentejo Litoral (+32.5%) and Alto Alentejo (+25.8%) registered the highest year-on-year growth rates and the rents in the metropolitan areas of Lisboa and Porto increased by +12.6% and +9.2%, respectively.

In the 3rd quarter of 2022 (provisional data), there was a year-on-year increase in the median house rental value in 23 of the 24 municipalities with more than 100 thousand inhabitants, with the higher increases registered in the municipalities of Barcelos (+25.5%), Funchal (+20.2%) and Cascais (+20.0%). In the metropolitan areas, the municipalities of Cascais (13.63 €/m2 and +20.0%), Lisboa (13.18 €/m2 and +16.0%), Oeiras (11.79 €/m2 and +13.7%) and Porto (10.08 €/m2 and +10.5%), stood out with values above 10.00 €/m2 and year-on-year rental growth rates above the country. 


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