5.9% growth in residential rents in January

In the constantly evolving scenario of the real estate market in Portugal, we are seeing significant movements in residential rents. January 2024 saw a remarkable increase of 5.9% per square meter, as indicated by the most recent data from the National Statistics Institute (INE). Let's explore these changes and understand how they can influence investment strategies.

Positive trend in residential rents

The outlook for residential rents shows a positive trend, with a year-on-year increase of 5.9% in January. Regions such as the North and Lisbon stand out, showing an even more intense variation, reaching 6.1%.

Monthly variation and emphasis on the North and Algarve

In monthly terms, the average rent per square meter rose by 1.4% in January. Regions such as the North and the Algarve led this positive variation, reaching 1.5%. This is a scenario in which all regions show growth, with no negative variation in the average value of housing rents.

This growth in residential rents reflects the positive dynamics of the real estate market in Portugal. For investors, understanding these trends is crucial to making informed decisions and taking advantage of the investment opportunities that this evolving environment offers.

Explore more about trends in the Portuguese real estate market and discover smart investment strategies. Visit our website https://irgroup.pt/ for exclusive insights and guidance to help you make informed investment decisions.