en 
According to the National Institute of Statistics (INE) Housing Rent Statistics at local level, “in the second quarter of 2021 the median rent of 20,568 new rental contracts in Portugal reached 6.03 €/m2 [Euros per square metre], a value that “represents a year-on-year variation of +11.5 percent in the country, higher than that observed in the previous quarter (+5.3 percent)”.
“This growth is thus clearly above the year-on-year rate of change observed in the first quarter of 2021, +5.3 percent, a period also strongly affected by the pandemic context”, he notes.
From April to June, the number of new lease contracts in the country also recorded "a sharp increase compared to the second quarter of 2020 (+49.3 percent), a period particularly affected by the pandemic and by the containment measures implemented to mitigate it".
Compared to the first quarter of 2021, the median rent for the second quarter increased 4.1 percent and the growth in the number of new leases was 3 percent (-9.3 percent in the first quarter).
The median income increased in 20 of the 25 NUTS III sub-regions, with the highest year-on-year growth in the Oeste sub-region (+12.3 percent), Aveiro Region (+11.9 percent), Autonomous Region of Madeira (+11.3 percent) and Porto Metropolitan Area (+10.2 percent).
The highest rents were registered in the Metropolitan Area of Lisbon (8.82 €/m2), Algarve (6.96 €/m2), Metropolitan Area of Porto (6.40 €/m2) and Autonomous Region of Madeira (6.32 €/m2).
The lowest value of rents from new lease contracts was registered in Terras de Trás-os-Montes (2.79 €/m2) and in Alto Alentejo (2.80 €/m2).
In the second quarter of 2021, all NUTS III sub-regions registered an increase in the number of new lease contracts compared to the same period of the previous year, with the Lisbon Metropolitan Area concentrating around one third of new lease contracts (7,171).
Together, the metropolitan areas of Lisbon and Porto accounted for 53 percent of the country's total new contracts and the Algarve for 6.3 percent, while Baixo Alentejo had the lowest number of new lease contracts (108).
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You can blame the Airbnb parasites that have distorted the rental market.Destroyed the long term rental market and gutted neighbourhoods of any community.Add on top of that they only have tp pay tax on 25% of their rental income and you can see why they are a plague on the housing market.
Then they stuff their rentals with inconsiderate noisy short term renters that leave devastation in their path in terms of noise and anti social behaviour.
Cancel the unfair tax break afforded to these people and you might have a chance of a return to some sort of decency and normality.
By james from Algarve on 30 Sep 2021, 12:20
I agree with James in the Algarve 100%, I had to use airbnbs for half a year because I found longterm rentale here substandard in terms of utilities that didn't work, windows that rattled and leaked causing freezing temperatures inside without heat, noisy neighnors) Portuguese) that screamed and banged at all hours of the night disturbing my sleep, crying dogs and endless, in your face scaffolding and construction works. These so called remodeled apartments are usually enough just to get by and get it rented asap. Yrs, Airbnbs are for the most part dumps but a lot could be done to imorove the quality of rentals here too. Now I have a decent apartment although they park on the sidewalk right in front of my windows. Thank goodness for these metal blinds. Without a doubt, the most difficult part of my life in Portugal has been rentals Airbnbs and long-term.
By Judith Berns from Porto on 30 Sep 2021, 17:56
Well said James you are dead right. Shameful! !!!!!!!!!!
By J from Lisbon on 01 Oct 2021, 07:12
Portugal must the only EU country where "annual" rent means 5-6 months. The rental market does not exist in the Algarve - it is only for tourists or the very wealthy who buy over priced villas. When will this plague of no housing end?
By K from Algarve on 03 Oct 2021, 17:05