GLOPRAGlobal Property Radar

Portugal rents fall 6% to €17.2 per sqm in October 2026

Portuguese asking rents fell 6% from September to €17.2 per square metre in October, leaving the annual increase at just 1%, with Porto down 5.6%.

The facts

  • The median asking rent in Portugal was 17.2 euros per square metre in October 2026, idealista reported on 3 November.
  • That is a change of -6% against September, when the figure stood at 18.3 euros per square metre.
  • Over twelve months the increase was 1%.
  • Lisbon stayed the most expensive city at 23.8 euros per square metre, 3.7% above a year earlier; the Lisbon district averaged 21.5 euros, up 4.1%.
  • Porto moved the other way. The city fell 5.6% to 18.3 euros per square metre and the district fell 5.1% to 15.8 euros.
  • Beja recorded the largest district rise at 29.3%, Coimbra the largest city fall at -11.4%, and the North was the only region in retreat at -6.6%.

What it means for your money

  • Rent growth of 1% no longer keeps pace with purchase prices, so a buyer entering now gets a thinner gross yield than a year ago.
  • Glopra's Portugal snapshot, built on tax-record transactions, puts the median sale price at 2,430 US dollars per square metre, which is the denominator a 1% rent rise has to work against.
  • An owner already letting in Porto has the opposite problem: asking rents there sit 5.6% below last year, so reletting at the market rate cuts income.

What to watch

  • The release gives no reason for the 6% monthly drop, and the next reading is what separates a one-month step from a turn.
  • idealista rebuilt this index in July 2026 to exclude seasonal and holiday lets and applied the change backwards, so earlier published figures are not comparable.
  • The November rental index is due in the first days of December.

Sources: idealista https://news.cision.com/pt/idealista/r/rendas-sobem-1--num-ano--mas-recuam-6--face-a-setembro,c639292966050000000; Jornal Economico https://jornaleconomico.sapo.pt/noticias/rendas-sobem-1-nos-ultimos-12-meses-mas-descem-6-face-a-setembro/

Market data: Sintra · Braga (city) · Funchal · Portugal