Income increases by around 4%: Which areas are the most expensive?

Incomes with near 4% increase, with Lisbon remaining the most expensive area.

In February, the rental price of houses increased by 3.9% compared to the previous month.  

The data comes from the Idealista price index, shared on Notícias ao Minuto, and pointed to a cost of 16.4 euros per square meter (euros/m2) at the end of February, considering the median value.

Concerning quarterly variation, house rents increased by 1.8%. The cities with the highest rent increases were Évora (18.3%), Faro (16.7%), and Funchal (16.6%).

Mas Lisboa permanece como a cidade onde é mais caro arrendar casa com um valor por metro quadrado em 21,8 euros/m2. Em seguida, vem o Porto com 17,2 euros/m2.

Following are Funchal (16.1 euros/m2), Faro (14.2 euros/m2), Setúbal (12.6 euros/m2), Évora (12.5 euros/m2), Coimbra (11.5 euros/m2), Aveiro (11.2 euros/m2), Braga (10.4 euros/m2), and Santarém (8.9 euros/m2).

On the other hand, the cities where it is cheaper to rent a house are Castelo Branco (6.8 euros/m2), Leiria (8.4 euros/m2), and Viana do Castelo (8.6 euros/m2).

Read more: Which city are houses rented in less than 24 hours?

Rent or buy a house? If you are still in doubt, try making housing credit simulations to understand your financial ability! The credit intermediaries of Poupança no Minuto help with everything you need about this financing until contracting, at no cost. Simulate here: