Advertised rents fell 6% in October to €17.2 per square metre. Lisbon is at €23.8, Porto at €18.3
In October, homes to rent on the listings site idealista were advertised at an average of €17.2 per square metre a month. That is 6% less than in September and 1% more than a year ago. These are the prices landlords ask in their listings, not the rents agreed in signed contracts (idealista report, Jornal Económico).
Lisbon remains the most expensive city, at €23.8 per square metre: 5.1% less than in September and 3.7% more than a year ago. A 70-square-metre flat there is advertised at around €1,670 a month. Porto is at €18.3: 3.9% cheaper than a month ago and 5.6% cheaper than a year ago. Next come Funchal at €16.5 and Faro at €15 per square metre.
Over the year, rents rose most in Aveiro, by 14.2% to €13.5 per square metre, followed by Évora (8.2%) and Santarém (7.6%). They fell in Coimbra, by 11.4% to €11.9, in Faro (9.1%), Castelo Branco (7.9%) and Porto. Among the district capitals, rents are cheapest in Castelo Branco, at €7 per square metre.
Our guide explains how to look for a home and what to check before signing a contract.
