In 2024, the median house rental value of new lease agreements in Portugal was 7.97 €/m2, with sub-regions of Grande Lisboa (13.06 €/m2), Península de Setúbal (9.99 €/m2), Região Autónoma da Madeira (9.60 €/m2), Algarve (9.41 €/m2) and Área Metropolitana do Porto (8.85 €/m2) recording higher values than the national one.

In the 4th quarter of 2024, the median house rental value of the 24,445 new lease agreements in Portugal was 8.43 €/m2. This value represents a year-on-year growth of 9.3%, lower than that observed in the previous quarter (9.8%). When compared to the 4th quarter of 2023, the number of new lease agreements increased by 3.4%.

Compared to the 4th quarter of 2023, the median house rental value increased in all the NUTS 3 sub-regions, except for Terras de Trás-os Montes (-7.6%). The highest values were recorded in Grande Lisboa (13.49 €/m2), Algarve (10.39 €/m2), Península de Setúbal (10.35 €/m2), Região Autónoma da Madeira (10.19 €/m2) and Área Metropolitana do Porto (9.31 €/m2).

In the 4th quarter of 2024, there was a year-on-year increase in the median house rental value in the 24 municipalities with more than 100 thousand inhabitants, with Guimarães (20.3%) recording the highest year-on-year growth rate and Lisboa with the highest median rental value (16.04 €/m2), although with a lower year-on-year growth rate (3.4%) than the national one (9.3%). 14 of the 24 municipalities with more than 100 thousand inhabitants presented year-on-year growth rates of the number of new lease agreements higher than the national rate (6.3%), highlighting Vila Nova de Gaia (26.5%), with the greatest variation.