According to the National Statistics Institute (INE), the number of new contracts (23,417) fell by 10.4%. In Vila Nova de Gaia, the number of new contracts fell by 17.8%.
The highest rents, all above the national figure, were 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 until March, there was a year-on-year increase in the median rent in 23 of the 24 municipalities with more than 100,000 inhabitants, with Gondomar (24.4%) having the highest year-on-year change and Lisbon with the highest median rent (16 euros/m2), although with a lower year-on-year rate of change (5.1%) than the national rate. Vila Nova de Gaia had a higher median rent than the national benchmark (9.91 €/m2) and a higher year-on-year rate of change (15.2%).
With decreases of more than 20%, Alto Tâmega e Barroso (-26.8%), Alentejo Central (-24.2%), Alentejo Litoral (-24%), Terras de Trás-os-Montes (-21.8%) and Tâmega e Sousa (-21.2%) stand out.
Image Credits: © Jakub Zerdzicki | Unsplash
Translated with DeepL.com (free version)
