In the 4th quarter of 2022, the median house rental value for the 22 628 new lease agreements in Portugal was 6.91 €/m2. This value represents a year-on-year growth rate of +10.6%, higher than the one observed in the previous quarter (+7.7%). The number of new lease agreements registered a decrease compared to the 4th quarter of 2021 (-3.3%). 

Compared to the 4th quarter of 2021, the median house rental value increased in all NUTS 3 sub-regions. The highest values were scored in Área Metropolitana de Lisboa (10.38 €/m2), Algarve (8.06 €/m2), Área Metropolitana do Porto (7.62 €/m2) and Região Autónoma da Madeira (7.54 €/m2), sub-regions which also registered a year-on-year growth higher than the country.

In the 4th quarter of 2022, there was a year-on-year increase in the median house rental value in all the 24 municipalities with more than 100 thousand inhabitants. The municipalities with the highest median house rental values of the new lease agreements also registered a year-on-year growth higher than the country - Lisboa (14.13 €/m2 and +22.4%), Cascais (13.66 €/m2 and +21.0%), Oeiras (12.65 €/m2 and +23.9%) and Porto (10.64 €/m2 and +16.3%).