The supply of rooms for rent in Portugal increased by 75% in the last year. Despite the increase in room availability on the market, prices rose 15% during the same period, costing 425 euros per month, according to a data analysis published by idealista, the southern European real estate marketplace.
Analyzing the district capitals, supply rose in almost all cities, with the exception of Funchal (-66%), Vila Real (-11%) and Leiria (-2%), where there are fewer rooms available to rent on the market. On the other hand, supply soared in Castelo Branco (232%), Bragança (133%), Santarém (111%), Lisbon (105%), Ponta Delgada (95%), Porto (64%), Coimbra (62% ), Viana do Castelo (44%), Braga (41%), Viseu (29%), Évora (26%), Faro (23%), Aveiro (8%), and Setúbal (6%). In Guarda, the stock of rooms for rent remained stable.
Prices rise in all district capitals
Despite the increase in supply in most cities, prices continued their upward trajectory. Ponta Delgada was where rooms for rent rose the most in price, 42% in one year. Next are Castelo Branco (36%), Santarém (20%), Funchal (20%), Bragança (17%), Leiria (16%), Lisbon (15%), Viseu (13%) and Viana do Castelo ( 11%). The smallest price increases were in Coimbra (7%), Braga (7%), Évora (7%), Aveiro (7%) and Porto (5%). In Faro and Setúbal, prices for rooms for rent remained stable over the last year.
On the other hand, prices fell in Vila Real (-20%) and Guarda (-20%).
Lisbon continues to be the city with the most expensive rooms: 545 euros per month. Next are Porto (400 euros/month), Ponta Delgada (362 euros/month), Castelo Branco (300 euros/month), Santarém (300 euros/month), Funchal (300 euros/month), Viana do Castelo ( 300 euros/month), Coimbra (300 euros/month), Braga (300 euros/month), Évora (300 euros/month), Aveiro (300 euros/month), Faro (300 euros/month), Setúbal (300 euros /month) and Leiria (290 euros/month).
On the other hand, the cheapest rooms to rent are in Guarda (200 euros/month), Bragança (234 euros/month), Vila Real (240 euros/month) and Viseu (260 euros/month).
Interested people per room
The increase in the supply of rooms available for rent caused a 37% reduction in the number of interested parties per room over the course of a year.
It was in Castelo Branco where the number of contacts per room fell the most, 70% in the last twelve months. Followed by Lisbon (-52%), Santarém (-51%), Viana do Castelo (-33%), Porto (-30%), Ponta Delgada (-23%), Coimbra (-21%), Braga ( -14%), Bragança (-12%) and Évora (-1%).
On the other hand, the number of interested parties per room increased by 342% in Funchal, followed by Vila Real (205%), Setúbal (46%), Aveiro (40%), Leiria (34%), Guarda (17%), Faro (8%) and Viseu (8%).
Methodology
To carry out this study, only cities with a stable base in idealista during the analyzed period and with a representative sample of advertisements for rooms for rent were considered.
idealista has become a reference for all those looking to share a home, both for its ease of use and quality of information. The option provided by idealista to look for a roommate to start the process of searching for accommodation with them has been a great success among Portuguese and foreign users who travel to our country and want to find a room from their place of residence. origin. One of the great advantages is the different language options available on idealista: in addition to Portuguese, English, German, French, Russian, Spanish, Italian, Swedish, Dutch, Finnish, Polish, Romanian, Danish, Chinese and Greek are available.
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