SYNTHESIS INE@COVID-19, 4-Jan-2021

January . 04 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 8/20 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt The median house rental value of new lease agreements increased by 7,4% In the 3 rd quarter of 2021 (provisional data): Median house rental • The median rent for the approximately 20,300 new rental contracts in Portugal amounted to €6.08/m 2 , which represents a year-on-year rate of change of +7.4% (+11.5% in the previous quarter); • Also, in year-on-year terms, the median rent increased in 22 of the 25 NUTS III sub-regions, more so in: » Alentejo Litoral: +16.6%; » Beiras e Serra da Estrela: +16.4%; » Beira Baixa: +10.1%; Annual rates of change in median rent per m² and in the number of new leases for Portugal (year-on-year rate of change) More information is available at: Statistics on house rentals at the local level – 3 rd quarter of 2021 (22 December 2021) New lease contracts • The number of new lease contracts in the country recorded a reduction compared to the 3 rd quarter of 2020 (-4.2%); • Only 4 NUTS III sub-regions registered an increase in the number of new leases in comparison with the same period of the previous year: » Douro: +10.7%; » Ave: +6.1%; » Alentejo Litoral: +3.0%; » Área Metropolitana do Porto: +2.7%; • Área Metropolitana de Lisboa concentrated around one-third of the new leases (7,171). Área Metropolitana de Lisboa and Área Metropolitana do Porto represented, together, 53% of the total number of new contracts in the country and the Algarve 6.3%. • The highest rents were recorded in the sub-regions: » Área Metropolitana de Lisboa: €9.04/m 2 ; » Algarve: €6.78/m 2 ; » Área Metropolitana do Porto: €6.65/m 2 ; » Região Autónoma da Madeira: €6.28/m 2 ; • Compared to the 2 nd quarter of 2021, the median rent increased in 14 of the 25 NUTS III sub-regions, of which the following stand out: » Alto Tâmega: +12.4%; » Douro: +9.5%; » Região Autónoma dos Açores: +8.3%. Note: the figures concerning the most recent period are provisional 7.4% 11.5% -4.2% 49.3% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 3Q 2021 2Q 2021 Median house rental value per m 2 No. of new lease agreements