Houses are getting more expensive in Portugal and the rental market is no exception. Renting a house in Portugal was 2.2% more expensive in March 2022 compared to the same month in 2021. And this was a reality observed in all regions of the country, with emphasis on the Algarve and Madeira, according to data from the National Institute Statistics (INE).

As with the inflation that is being felt in the country, house rents are also rising – but at a slower pace. The Portuguese statistics office confirmed that the consumer price index (CPI) was 5.3% in March, the highest value since June 1994 (in February it was 4.2%). And “the year-on-year change in housing rents per square metre was 2.2% in March 2022, an identical value in the previous month”, points out the institute in the bulletin.