In Portugal, the average price per square meter of housing for rent was 15.5 euros in December 2023. The Lisbon region registered the highest value at over 18 euros per month. In April 2024, average prices increased in all regions, amounting to a national average of more than 16 euros per square meter. The Lisbon region continued to dominate, now with over 19 euros, while the Azores recorded the cheapest rental square meter price at 9.2 euros.

Rent Inflation in Portugal decreased to 6.50 percent in January from 7.20 percent in December of 2024. This dataset includes a chart with historical data for Portugal Rent Inflation.

Square meter rent for prime retail real estate in Portugal registered the highest value in high street Chiado, in Lisbon, at 135 euros in the third quarter of 2024. Shopping centers and high street Liberdade, in Lisbon, followed with 115 monthly euros per square meter. High street downtown Portp came third, costing almost 83 euros per square meter per month.

Price to Rent Ratio in Portugal increased to 174.47 in the third quarter of 2024 from 170.81 in the second quarter of 2024. This dataset includes a chart with historical data for Portugal Price to Rent Ratio.

Rents paid for housing in Portugal increased year-on-year between 2011 and 2023. However, in some years, including 2022, the inflation-adjusted change was negative, suggesting that rent grew at a faster rate than inflation. In 2023, the nominal increase amounted to 4.55 percent, while the real change (adjusted for inflation) was recorded at 0.24 percent.

The annual prime rent costs per square meter for warehouses over 5,000 square meters in the occupier logistics market in Lisbon, Portugal, have increased steadily since 2018. As of 2022, the prime rent for warehouses in Lisbon was 51 euros per square meter annually. By 2023, rents increased to 60 euros. Headline rent refers to the rental costs after any rent free periods or incentives, excluding taxes and charges. Prime properties are the buildings of the highest quality and best locations.

Graph and download economic data for Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Portugal (PRTCPGRHO02GPQ) from Q2 1991 to Q4 2023 about imputed, Portugal, rent, CPI, price index, indexes, and price.

Graph and download economic data for Consumer Price Index: OECD Groups: Services Less Housing: Housing Excluding Imputed Rentals for Housing for Portugal (PRTCPGRLH02GPM) from Feb 1991 to Dec 2023 about imputed, Portugal, rent, services, CPI, price index, indexes, and price.

Prime rents in Lisbon are expected to grow year-on-year between 2024 and 2028, according to a November 2024 forecast. The Portuguese capital, Lisbon, is expected to achieve an annualized rental growth of two percent annually until 2028 – 0.4 percentage points below the average rental growth forecast for the major European markets. In Europe, investing in central city offices had better prospects than developments.

Portugal PT: Rent Price Index: sa data was reported at 133.625 2015=100 in Mar 2025. This records an increase from the previous number of 132.168 2015=100 for Dec 2024. Portugal PT: Rent Price Index: sa data is updated quarterly, averaging 47.486 2015=100 from Mar 1959 (Median) to Mar 2025, with 265 observations. The data reached an all-time high of 133.625 2015=100 in Mar 2025 and a record low of 0.926 2015=100 in Mar 1959. Portugal PT: Rent Price Index: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Portugal – Table PT.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly.

In 2024, Turkey, Iceland, Portugal, and Hungary had the highest house price to rent ratio index in Europe. The four countries ranked the highest, with house price to rent indices exceeding 160 index points. The house price to rent ratio is an indicator of the affordability of owning housing over renting across European countries, with 2015 used as a base year. The higher the ratio, the more the gap between house prices and rental rates has widened since 2015 when the index amounted to 100. In terms of house price to income ratio, the top three countries were Portugal, Luxembourg, and Hungary Homeownership in Europe Homeownership varies widely across European countries. In some, such as Austria, Germany and Switzerland, homeownership is relatively low with less than two thirds of people occupying a dwelling owned by a member of the household. In other countries (Iceland, the Netherlands, Norway, and Sweden) more than half of people were owner-occupiers with a mortgage. A third group of countries with a high homeownership rate without a housing loan includes many Eastern and South European countries, among which were Serbia, Romania, North Macedonia, Italy, and Bulgaria. Dwellings as a non-financial asset Dwellings, along with structures, land, and intellectual property, are classed as non-financial assets and form an important part of household wealth. Through sale, refinancing or renting, they can serve as an additional source of income. In 2022, France, Germany, and Norway were the European countries with the highest value of dwellings per capita as a non-financial asset with values between 83,000 and 91,000 euros per capita.

In Lisbon, Portugal, the Lisbon city itself registered the highest prime rent per square meter, at 6.25 euros in 2023. Montijo and Alcochete compounded the zone of the city with the highest prime rent increase, going from 3.25 euros in 2021 to 4 euros in 2022 and to 4.25 euros in 2023. However, this zone was the least expensive in Lisbon.

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, ranging from rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 3.7% over the five years through 2024, including an estimated slump of 2.1% in 2024 to €196.2 billion, while the average industry profit margin is forecast to reach 34.6%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing in the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated, being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. Revenue is forecast to swell at a compound annual rate of 4% over the five years through 2029 to €238.7 billion. Following a correction during 2024, housing prices are set to being recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, Proptech, which has been heavily invested in, will force estate agents to adapt, shaking up the traditional real estate industry. A notable application of Proptech is the use of AI and data analytics to predict a home’s future value.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Portugal (PRTCP040100GYM) from Jan 1949 to Feb 2025 about Portugal, water, fuels, electricity, rent, gas, CPI, price index, indexes, and price.

The prime rent for office real estate in Lisbon, Portugal, has increased since 2013. In 2024, the headline rent for prime office space amounted to 336 euros per square meter, up from 324 the year before. Headline rent refers to the rent payable after rent-free periods or incentives, excluding fees and taxes. Lisbon was one of the most affordable market among the key office markets in Europe.

Portugal Consumer Price Index (CPI): Weights: HW: Actual Rentals for Housing data was reported at 4.606 % in 2025. This records an increase from the previous number of 3.816 % for 2024. Portugal Consumer Price Index (CPI): Weights: HW: Actual Rentals for Housing data is updated yearly, averaging 4.025 % from Dec 2013 (Median) to 2025, with 13 observations. The data reached an all-time high of 4.606 % in 2025 and a record low of 2.286 % in 2013. Portugal Consumer Price Index (CPI): Weights: HW: Actual Rentals for Housing data remains active status in CEIC and is reported by Statistics Portugal. The data is categorized under Global Database’s Portugal – Table PT.I008: Consumer Price Index: Weights.

Turkey, Russia, Portugal, and Latvia were the countries with the highest house price-to-rent-ratio in the ranking in the second quarter of 2024. In all three countries, the ratio exceeded 160 index points, meaning that house price growth had outpaced rents by over 60 percent between 2015 and 2024. What does the house-price-to-rent ratio show? The house-price-to-rent-ratio measures the evolution of house prices compared to rents. It is generally calculated by dividing the median house price by the median annual rent. In this statistic, the values have been normalized with 100 equaling the 2015 ratio. Consequentially, a value under 100 means that rental rates have risen more than house prices. When all OECD countries are considered as a whole, the gap between house prices and rents was wider than in the Euro area. Measures of housing affordability The national house-price-to-rent ratio may not fully reflect the cost of housing in a particular country, as it does not capture the price variations that can exist between different regions. It also does not take into consideration the relationship between incomes and housing costs, which is measured by the house-price-to-income and household-rent-to-income ratios. Taking both these factors into account uncovers vast differences in housing affordability between different regions and different professions.

Zone 1, the prime central business district, had the most expensive office real estate across the different submarkets in Lisbon, Portugal, in 2024. Occupiers paid a prime rental rate of 28.5 euros per square meter of office space in Zone 1, compared to 17 euros per square meter in Zone 6, the Western Corridor.

This statistic presents a ranking of prime retail street locations in Portugal based on the cost of rent as of June 2017. Of the Lisbon locations, Chiado has the highest rental rate at 1,380 euros per square meter per year.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Portugal (PRTCP040100GYQ) from Q1 1949 to Q4 2024 about Portugal, water, fuels, electricity, rent, gas, CPI, price index, indexes, and price.