The cost of renting a home in Portugal is proving to be up to 70% higher than what residents are willing to pay, as revealed by recent data from Imovirtual. Municipalities such as Cascais, Lisbon, and Vila Nova de Gaia are noted for exhibiting significant disparities between rental demands and available listings.
“The study distinctly highlights a consistent trend: in many of the analyzed municipalities, the advertised rental prices substantially surpass what Portuguese residents are prepared to pay, with Lisbon showing the most pronounced imbalances,” stated a release accessed by Notícias ao Minuto.
Cascais leads the disparity within the Lisbon district, with properties being advertised at an average of 2,700€, compared to a demand of approximately 1,600€, marking a 69% difference. Lisbon follows, reflecting a 50% disparity (1,200€ desired versus 1,800€ listed), similar to areas like Mafra and Odivelas, where average sought figures stand at 1,000€ against a supply of 1,500€.
Some regions depict more stability: “In Lousada, the supply and demand values are synchronized at 800€, and in Amarante (2%), Póvoa de Varzim (9%), Santo Tirso (6%), the differences are minimally significant.”
“Despite the percentage differences, the data unveils a clear pressure on the rental market within the country’s two major urban districts. While Lisbon records the greatest absolute disparities, the Porto district also contains municipalities experiencing considerable variations that may complicate access to housing,” the statement reads.
