[DEMO] New contract rents up 10% in the 1st quarter

Demonstration content. Text adapted from the Gaia Urban Observatory, with place names swapped. It does not describe real facts or data about the municipality of Loures.

According to the National Statistics Institute (INE), the number of new contracts (23,417) fell by 10.4%. In Loures, the number of new contracts fell by 17.8%.

The highest rents, all above the national figure, were in Greater Lisbon (13.16 euros/m2), the Autonomous Region of Madeira (10.44 euros/m2), the Setúbal Peninsula (10.24 euros/m2), the Algarve (9.92 euros/m2) and the Porto Metropolitan Area (9.12 euros/m2).

Up until March, there was a year-on-year increase in the median rent in 23 of the 24 municipalities with more than 100,000 inhabitants, with Gondomar (24.4%) having the highest year-on-year change and Lisbon with the highest median rent (16 euros/m2), although with a lower year-on-year rate of change (5.1%) than the national rate. Loures had a higher median rent than the national benchmark (9.91 €/m2) and a higher year-on-year rate of change (15.2%).

With decreases of more than 20%, Alto Tâmega e Barroso (-26.8%), Alentejo Central (-24.2%), Alentejo Litoral (-24%), Terras de Trás-os-Montes (-21.8%) and Tâmega e Sousa (-21.2%) stand out.

Image Credits: © Jakub Zerdzicki | Unsplash

Translated with DeepL.com (free version)