According to the latest analysis by idealista, Southern Europe’s leading real estate platform, around 5 percent of properties listed for rent in Portugal during the second quarter of this year were taken off the market in under 24 hours.

The more affordable homes tend to attract tenants faster, as data shows that 13 percent of all rental listings under €750 per month were rented within a single day. This figure drops to 7 percent for homes priced between €750 and €1,000, 4 percent for those costing from €1,000 to €1,500, and just 2 percent for properties above €1,5000 per month.

Across the 17 districts and islands with the most rental listings in Q2 2025, São Miguel Island recorded the highest share of express rentals, with 13 percent of homes being rented in under a day. It was followed by Vila Real and Santarém (8 percent), Madeira island and Beja (7 percent), and Coimbra, Aveiro, Setúbal, and Évora (6 percent). At the bottom of the list were Lisbon and Faro, where just 4 percent of homes were rented within 24 hours.

In Madeira, a striking 43 percent of listings priced below €750 were rented in less than a day, followed by São Miguel (33 percent), Setúbal (23 percent), Lisbon (20 percent), and Aveiro (17 percent). Beja, Faro, Santarém, and Porto also showed a higher rental express activity at 14 percent.

As prices increase, the pace of rentals slows – but not everywhere. Among homes listed between €750 and €1,000, Madeira again led with 19 percent rented in less than 24 hours, followed by São Miguel (11 percent), then Lisbon and Setúbal (10 percent), Faro (9 percent) and Santarém (6 percent).

In the €1,000 to €1,500 range, Coimbra topped the list with 6 percent of listings rented within a day, followed by Madeira (5 percent) and Lisbon, Porto, Beja, Faro and Setúbal (4 percent).