Rental prices in Portugal are rising again

Rents per square foot increased 3.6% in January compared with the same month in 2022, accelerating from 3.3% in the previous month. Annual growth is observed in all regions of the country. However, the Autonomous Region of the Azores and Madeira recorded the most intensive growth (4.2%). As for the average rent per square meter of housing, the monthly increase was 0.6% compared to 0.2% in December. The region with the highest positive monthly change was the Autonomous Region of Madeira (0.9%), where there were no areas with a negative change in the corresponding average house rent.

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