In the 1st quarter of 2024 (provisional data), the median house rental value of the 25 472 new lease agreements in Portugal was 7.46 €/m2. This value represents a year-on-year growth of 10.5%, lower than that observed in the previous quarter (11.6%). When compared to the 1st quarter of 2023, the number of new lease agreements increased by 0.9%.

Compared to the same quarter of 2023, the median house rental value increased in all NUTS 3 sub-regions. The highest values were recorded in Grande Lisboa (12.12 €/m2), Península de Setúbal (9.29 €/m2), Algarve (8.78 € /m2), Região Autónoma da Madeira (8.13 €/m2) and Área Metropolitana do Porto (8.11 €/m2).

In the 1st 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 (19.5%), Vila Nova de Famalicão (18,3%), Coimbra (15,2%) and Braga (15.0%), standing out with increases equal or higher than 15%. Lisboa had the highest median rental value (15.25 €/m2). However, the year-on-year growth rate (4.9%) was lower than the national one (10.5%). The number of new lease agreements decreased in 13 of the 24 municipalities with more than 100 thousand inhabitants compared to the same quarter last year, with Funchal (-11.5%), Oeiras (- 11.4%), Seixal (-10.9%), Guimarães (-10.6%) and Sintra (-10.0%) standing out.