In the 1st quarter of 2025 (provisional data), the median house rental value of the 23,417 new lease agreements in Portugal was 8.22 €/m2. This value represents a year-on-year growth of 10.0%, higher than that observed in the previous quarter (9.3%). When compared to the 1st quarter of 2024, the number of new lease agreements decreased by 10.4%.

Compared to the 1st quarter of 2024, the median house rental value only decreased in the NUTS 3 sub-region of Alentejo Central (-0.4%). The highest rents values were recorded in Grande Lisboa (13.16 €/m2), Região Autónoma da Madeira (10.44 €/m2), Península de Setúbal (10.24 €/m2), Algarve (9.92 €/m2), and Área Metropolitana do Porto (9.12 €/m2).

In the 1st quarter of 2025, 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 Gondomar (24.4%) standing out with the highest year-on-year growth rate, and Lisboa with the greatest median rental value (16.00 €/m2), although the 

year-on-year growth rate (5.1%) was lower than the national value (10.0%). Braga (-0.9%) was the only municipality to show a decrease in the median house rental value, compared to the same quarter of the previous year. 16 of the 24 municipalities with more than 100 thousand inhabitants recorded year-on-year growth rates of the number of new lease agreements higher than the national rate (-10.4%), with Barcelos (4.2%) and Setúbal (3.0%) registering the greatest variations.