During the last quarter of last year, the median rent for new rental contracts for housing had increased by 9.3%, the INE indicated in the Housing Rent Statistics at the local level for the first three months of this year, with data still provisional.

In relation to the same quarter of 2024, the median rent only decreased in the Central Alentejo (NUTS III sub-region).

The highest rents were recorded in Greater Lisbon (13.16 euros/m2), the Autonomous Region of Madeira (10.44 euros/m2), the Setúbal Peninsula (10.24 euros/m2), the Algarve (9.92 euros/m2) and the Porto Metropolitan Area (9.12 euros/m2).

Up to the end of March, there was a year-on-year increase in median rent in 23 of the 24 municipalities with more than 100,000 inhabitants, with Gondomar (24.4%) standing out with the highest annual variation and Lisbon with the highest median rent (16.00 euros/m2), although with an annual variation rate (5.1%) lower than the national rate (10%).

Braga (-0.9%) was the only municipality to show a decrease in rent value, compared to the same quarter last year.

According to provisional data from INE, 16 of the 24 municipalities with more than 100 thousand inhabitants presented annual variation rates in the number of new contracts higher than the national value (-10.4%), with Barcelos (4.2%) and Setúbal (3.0%) standing out, with the largest variations.