Rent house: Prices rise 7.2% in August
Are you looking to rent a house? Find out how much rents have increased since 2023.
House rents rise by 7.2% from August 2023 to August 2024.
The value of house rents per square meter increased by 7.2% in August compared to the same month in 2023, and 0.1 percentage points from July to August. The data is from the National Institute of Statistics (INE) and indicate year-on-year growth in all regions.
According to the data, in August "all regions showed positive year-on-year variations in housing rents, with Madeira recording the most intense increase (7.7%)", as quoted in Notícias ao Minuto.
Regarding monthly terms, the average value of housing rents per square meter recorded a variation of 0.4% - a value identical to the previous month.
Regarding regions with the highest positive monthly variation, the Algarve and Madeira stand out, with no region showing a negative variation compared to the respective average value of housing rents.
Undecided about renting or buying a house? Talk to a credit intermediary from Poupança no Minuto to understand the best conditions you could get in home credit, without obligation and without costs, or simulate the financing directly now: