House rent prices in Portugal continue to rise, making the lease increasingly expensive for many families. In February, an average increase of 3.9% compared to the same period last year. Currently, the median value of income is 16.4 euros per square meter, a number that has been growing consistently in recent years.
District capitals with higher increases
This increase has been particularly notorious, as you can consult in the price index at some district capitals, such as Évora, where rents rose 18.3%, Faro, with an increase of 16.7%, and Funchal, where prices increased by 16.6%.
In addition, Santarém, Braga, Viana do Castelo and Setúbal recorded significant climbs, reflecting the national trend of values growth in the lease market.
More expensive and more affordable cities
Among the most expensive cities to lease, Lisbon continues to lead at an average cost of 21.8 euros per square meter. The port comes shortly afterwards, with lace around 17.2 €/m2, and Funchal occupies third place with 16.1/m2.
The increase in prices of houses of houses is not only in cities, but also at the district level. The largest additions were in Faro, with a rise of 19.3%, followed by the island of São Miguel (17.3%) and Santarém (14.7%).
On the other hand, there are still some areas of the country where to rent home is more affordable. Castelo Branco, for example, has average values of 6.8 €/m2, while in Leiria lace are located at 8.4 €/m2 and in Viana do Castelo at 8.6 €/m2.
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Factors that explain the increase in incomes
This increase in housing incomes is a reflection of several factors, including the growing demand for housing in urban areas, the limitation of the offer of lease and the impact of public policies on the real estate sector.
Many families and young people looking for a home to lease find it difficult to find affordable options within large cities and are forced to look for an option in their suburbs.
Tourism and local accommodation have also had a significant impact on the lease market, especially on large cities. The growth of tourism has driven the conversion of many dwellings to temporary accommodation, thus reducing the offer of properties available for long -term lease.
In addition, increased interest rate interest rates has led many people to opt for the lease instead of purchase, which has increased to demand. This situation contributed to greater pressure on prices and the difficulty of many families in ensuring a lease of reasonable values.
Alternatives to face high prices
For many Portuguese, the climbing prices of houses in houses has led to a change in preferences and places chosen to live.
More and more people are looking for alternatives in smaller cities or around large urban centers, where prices are more affordable and quality of life can be superior.
Real estate experts warn that, without effective measures to increase housing supply and make the lease more accessible, the problem could get worse in the coming years.
Investment in the construction of new housing and the incentive for long -term leasing are some of the suggested solutions to balance the market.
THE ROLE OF PUBLIC POLICIES
Housing policy has been at the center of the public debate, with the government to present different proposals to control prices. Some measures include the regulation of the lease market, tax incentives for owners who choose long -term lease and restrictions on local accommodation in certain zones.
Meanwhile, the Portuguese continue to face challenges to find affordable housing. For many people, lease represents a temporary solution while looking for more stable and sustainable alternatives for the future.
However, even with current challenges, the Portuguese lease market remains dynamic and offering opportunities for those willing to explore different housing and housing solutions.
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