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Median house rental value of new lease agreements increased 6.4% and the number of new lease agreements grew 19.8% compared to the same period in the previous year
House rental statistics at local level
Median house rental value of new lease agreements increased 6.4% and the number of new lease agreements grew 19.8% compared to the same period in the previous year - 1st Quarter 2022
28 June 2022

Summary

In the 1st quarter of 2022 (provisional data) the median house rental value for the 23 934 new lease agreements in Portugal was 6.16 €/m2. This value of the median house rental represents a year-on-year growth rate of +6.4% and the number of new lease agreements increased by 19.8% compared to the 1st quarter of 2021.

Compared to the 4th quarter of 2021, the median house rental value increased in 15 out of the 25 NUTS 3 sub-regions. The highest values were scored in Área Metropolitana de Lisboa (9.10 €/m2), Algarve (7.12 €/m2), Região Autónoma da Madeira (6.98 €/m2) and Área Metropolitana do Porto (6.58 €/m2).

In the 1st 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 Funchal (+17.2%), Matosinhos (+14.9%) and Vila Nova de Famalicão (+14.6%) scoring the highest year-on-year increases. In the metropolitan areas, the municipalities of Lisboa (12.00 €/m2 and +9.7%), Cascais (11.25 €/m2 and +7.8%), Oeiras (10.53 €/m2 and +9.8%) and Porto (9.23 €/m2 and +11.2%) stood out with values and year-on-year rental growth rates higher than in the country. 


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