Renting a house in Braga costs an average of 9.2 euros per square meter (and this is where the price rose the most)

Renting a house in Braga costs, on average, 9.2 euros per square meter and it was the district capital where the price rose the most in the first quarter of this year (6.9%), according to the price index on the Idealista portal today disclosed.

At a national level, prices for houses for rent increased by 2% in the first quarter of the year compared to the previous quarter.

According to the study, renting a house in Portugal cost 15.8 euros per square meter (euros/m2) at the end of March, taking into account the median value.

In relation to the monthly variation, prices remained stable.

District capitals

In the first quarter, rental prices rose in seven district capitals across the country, with Braga (6.9%) topping the list. Followed by Santarém (6.3%), Coimbra (4.8%), Castelo Branco (2.8%), Lisbon (2.6%), Porto (1.4%) and Setúbal (1.1% ). In the opposite direction, prices fell in Évora (-7.6%), Funchal (-7.4%), Faro (-4.3%), Aveiro (-2.1%) and Leira (-0.8 %).

Lisbon continues to be the city where it is most expensive to rent a house: 21.5 euros/m2. Porto (17.1 euros/m2) and Funchal (13.5 euros/m2) occupy second and third place, respectively. This is followed by Faro (11.9 euros/m2), Setúbal (11.7 euros/m2), Coimbra (11.2 euros/m2), Aveiro (11.1 euros/m2), Évora (10.7 euros/ m2) and Braga (9.2 euros/m2).

The most economical cities are Castelo Branco (6.8 euros/m2), Santarém (7.9 euros/m2), and Leiria (8 euros/m2).

By districts

Of the districts and islands analyzed, the prices of houses for rent fell in Castelo Branco (-9.6%), São Miguel island (6%), Portalegre (-4.5%), Vila Real (-4.4% ), Évora (-4.3%), Viseu (-4.1%) and Madeira Island (-0.9%). On the other hand, prices rose in Beja (12.6%), Braga (7%), Coimbra (5%), Lisbon (2.5%), Santarém (1.7%) and Aveiro (1.4% ).

The smallest increases took place in Faro (1%), Setúbal (0.7%) and Viana do Castelo (0.6%). In Porto (0.2%) and Leiria (0.1%) prices remained stable during this period.

The ranking of the most expensive districts to rent a house is led by Lisbon (19.6 euros/m2), followed by Porto (15.1 euros/m2), Madeira Island (13.4 euros/m2), Faro (13, 4 euros/m2), Setúbal (12.6 euros/m2), Coimbra (10.3 euros/m2), Beja (10.2 euros/m2), Évora (9.9 euros/m2), Aveiro (9, 4 euros/m2), Leiria (9.3 euros/m2) and Braga (9.1 euros/m2).

The cheapest prices are in Portalegre (5.8 euros/m2), Vila Real (5.9 euros/m2), Castelo Branco (6.8 euros/m2), Viseu (7.1 euros/m2), Santarém (7.5 euros/m2), Viana do Castelo (8.2 euros/m2) and São Miguel island (8.5 euros/m2).

Methodology

To create the Idealista property price index, the offer prices (based on built square meters) published by advertisers are analyzed. Atypical advertisements and those with out-of-market prices are eliminated from the statistics.

The typology “single-family houses” is also included and all advertisements that are in the database and that have not been interacted with by users for some time are discarded. The final result is obtained through the median of all valid advertisements in each market.