Data from the National Statistics Institute (INE) reveal that housing rents were 4.3% more expensive in April 2023 compared to the same period last year.
“The year-on-year change in housing rents per square meter was 4.3% in April 2023 (4.2% in the previous month)”, indicates INE.
All regions showed positive year-on-year variations in housing rents. The highlight was for the Autonomous Region of Madeira, as it recorded a "more intense" increase in house rents (4.9%).
Compared to the previous month, the average value of housing rents per square meter rose by 0.4% (0.5% in the previous month). “The region with the highest positive monthly change was the North (0.5%), with no region having seen a negative change in the respective average value of housing rents”, highlights the institute.