Besides the increase in prices in the European continent, the Portuguese cities of Porto and Lisbon showed different results, especially regarding room prices.

Room prices

“While room prices have risen in the vast majority of European cities, in both Porto and Lisbon prices are similar to a year ago. Only Lisbon, where the price of a room is €600, has been affected by the traditional price increase related to student mobility before the start of the next academic year. Porto, on the other hand, has been resistant to this trend, keeping room rents at €450 all year round”, as quoted in the press release sent to The Portugal News.

The Portuguese cities' situation is different from the rest of Europe, for example, in Amsterdam, in the last quarter, a room was being rented, on average, for a thousand euros monthly. The Dutch capital rents are now “4.6 percent higher than last year”. Germany and The Netherlands are the European countries with the highest prices, followed by France, where in Paris a room is rented, on average, for 840€. Nevertheless, “cities like Budapest (350€) and Valencia (400€) and Porto (450€) offer lower room prices.”

Are flat prices reducing in Lisbon?

In general, in Europe “flat prices increased by 4.1 percent compared to the previous year”, but, once again, the Portuguese case is different than the rest of Europe. In Lisbon, the flat’s prices are reducing when compared to the same period last year. According to HousingAnywhere, the prices are oscillating, reaching a new low peak. “A flat in the Portuguese capital cost €1,600 in the first quarter of the year, then rose to €1,848 in the second quarter and has now fallen slightly to €1,792.” The same report concludes that “prices are now 10.4 percent lower than a year ago.”

What about Porto?

HousingAnywhere concluded that in Porto, the flat rents have increased, from 1250€ in the first quarter of 2024, to 1500€ in the second quarter, a value that was maintained in the third quarter. This means, that Porto rose 11 percent when compared to the same period last year.

In the rest of Europe, it is in Rome, Italy, where the flat rents are higher, surpassing Amsterdam, in The Netherlands. However, both countries have a 10€ difference, on average, with a flat costing around 2500€ in Rome. According to HousingAnywhere, “the Italian capital also saw the biggest annual increase in flat prices, 28.2 percent, while Amsterdam saw a 10.7 percent rise.”

Budapest, in Hungary, is the city where the flats are easier, as Housing Anywhere concluded in the report sent to The Portugal News. In general, in the Hungarian capital, a flat costs 850€.