The rental housing market in Portugal: offers increased by 81% at the beginning of 2024.

The rental market in Portugal is on the brink of significant changes. For some time, the main issue in this segment has been the limited number of houses available for rent. However, recent data from idealista shows that the volume of housing available for rent has increased by81%In the first quarter of 2024 compared to the same period last year. This sharp increase in supply may be driven by various initiatives of the program.More housing", which have been in effect for six months now, as well as a number of other factors affecting the market.

Ruben Marques, a representative of idealista, comments on the situation as follows: "Some measures taken by the previous government in the housing sector are beginning to impact the rental market in Portugal, which is evident in a significant increase in supply." He adds that "restrictions on local housing, the cessation of the regime for irregular residents, and the reduction of rental taxes may contribute to an increase in the number of available properties on the market."

Nevertheless, Ruben emphasizes that "the coming months will be crucial for monitoring the dynamics of the rental market, especially in light of the economic and political situation, including the possible repeal of several measures from the 'More Housing' program, as the new government led by Luis Montenegro has already announced a review of restrictions on local housing, forced leasing of vacant properties, and a freeze on rental rates."

Despite the increase in the number of houses available for rent, rental prices in Portugal continue to rise: at the beginning of 2024, an increase was recorded.2%compared to the previous quarter. The high cost of rent, especially in large cities, combined with the low purchasing power of the population, makes it difficult for families to transition to new housing.

There is an increase in the supply of rental housing in19from20the capitals of the districts of Portugal. An exception is Viana do Castelo, where the supply volume has decreased by2%The largest doubling of the number of available rental apartments is observed in:

• Bragance191%)
• Porto129%)
• Leiria128%)
• Lisbon102%)

The list of cities with the highest increase in the number of rental apartments also includes:

• Aveiro99%)
• Mash92%)
• Coimbra84%)
• Castelo Branco73%)
• The headlight71%)
• Vila-Real67%)
• I'm running64%)
• Funchal55%)
• Setúbal55%)
• Guard29%)
• Evora28%)
• Ponta Delgada17%)

The smallest increase in rental apartment prices has been recorded in:

• Santareno10%)
• Porto Alegre8%)
• Visa3%)

This new trend of increasing the volume of offers is felt everywhere.20In the districts and on the islands with representative samples. Especially in Bragança, there has been the largest increase in the number of rental properties over the past twelve months — by a whole153%In the Leiria districts119%) and Porto (103%The number of apartments for rent has also doubled. A significant increase was recorded in the districts as well:

• Lisbon87%)
• Braga83%)
• Aveiro75%)
• Coimbra72%)
• The headlight65%)
• Castelo Branco64%)
• Santareno52%)
• Guards50%)
• on the island of Madeira50%)
• Setúbal50%)

In areas where supply growth is lower50%It is worth noting such as:

• Evora34%)
• Beja33%)
• Porto Alegre33%)
• Viana do Castelo30%)
• Visa27%)
• Vila-Real19%)
• San Miguel Island12%)