In the rental market, house prices in Portugal rose 4.5% in the third quarter compared to the previous quarter. Renting a house in the country had a median cost of 11.8 euros per square meter (euros/m2) at the end of September, according to the idealista price index.
Houses for rent became more expensive in nine district capitals between July and September 2022, taking into account the 11 with a representative sample in that period. It was Coimbra that topped the list, showing a 10% rise in house rents in the third quarter compared to the same period last year.
Among the cities where houses for rent became more expensive, Lisbon (8.1%), Porto (7.6%), Braga (6.7%), Funchal (5.6%), Setúbal (3, 4%), Aveiro (3.3%), Santarém (2.9%) and Faro (2.8%). There was only a drop in house rents in two district capitals: Viseu (-3.5%) and Leiria (-1.1%).
Lisbon continues to be the city where it is most expensive to rent a house: 15.7 euros/m2. Porto (12.3 euros/m2) and Funchal (11.0 euros/m2) occupy the second and third places, respectively. Next are Faro (9.3 euros/m2), Setúbal (8.9 euros/m2), Aveiro (8.7 euros/m2) and Coimbra (8.1 euros/m2).