Portugal House Rents Rise 7.1% in April: Real Estate Update
Stay informed on the latest real estate update in Portugal as house rents per square meter increase by 7.1% in April. Discover year-on-year growth across all regions.
Portugal house rents saw a significant increase in April, with a rise of 7.1% per square meter compared to the same month in 2023. This marks a slight uptick from the previous month's increase of 6.9%, with all regions across the country showing year-on-year growth. According to the National Statistics Institute (INE), "all regions exhibited positive year-on-year variations in housing rents, with Lisbon experiencing the most notable increase at 7.4%".
In terms of monthly changes, the average value of housing rent per square meter saw a 0.6% variation in April (compared to 0.9% in the previous month). Lisbon once again led the way with the highest positive monthly variation at 0.7%, and no region reported a negative variation in the average value of housing rents.
This data highlights the ongoing trend of rising house rents in Portugal, with Lisbon standing out as a particularly hot market for renters. As the demand for housing continues to outpace supply, it is likely that we will see further increases in rental prices in the coming months.
The latest figures from the INE indicate a 7.1% increase in house rents in April, with all regions showing positive year-on-year growth. The housing market in Portugal remains robust, with Lisbon leading the way in terms of rental price increases.
Portugal House Rents Rise 7.1% in April: Real Estate Update
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