This is the third time this year that house rents have remained stable. According to the idealista price index, renting a house costs 16.1 euros per square meter (euros/m2) at the end of May this year, taking into account the median value. In relation to the quarterly variation, the increase was 1.9% and the annual increase was 14.4%.
Looking at the 14 district capitals with representative samples, it appears that house rents have fallen in four large cities, namely Viseu (-8%), Coimbra (-4.6%), Setúbal (-1.6%) and Évora (-0.9%).
On the other hand, the prices of houses for rent increased in Funchal (5.7%), Aveiro (2.4%), Santarém (2.3%), Castelo Branco (1.5%), Leiria (0.8 %) and Viana do Castelo (0.7%). In Porto (0.2%), Faro (0.2%), Braga (-0.4%), and Lisbon (-0.5%), prices remained practically stable during this period.
Lisbon continues to be the city where it is most expensive to rent a house: 21.5 euros/m2. Porto (17.4 euros/m2) and Funchal (14.6 euros/m2) occupy second and third place, respectively. This is followed by Faro (12.9 euros/m2), Aveiro (12 euros/m2), Setúbal (12 euros/m2), Évora (11.1 euros/m2) and Coimbra (11 euros/m2).
The most economical cities to rent a home are Castelo Branco (6.8 euros/m2), Viseu (7.2 euros/m2), Leiria (8.1 euros/m2), Santarém (8.3 euros/m2), Viana do Castelo (8.4 euros/m2) and Braga (9.2 euros/m2).