Property for rent in Portugal
In Portugal the real estate rental market has changed significantly over the past decade. Properties for rent in Portugal have increased, the quality of the properties has risen and therefore the prices are higher. Indeed, renting a flat in Lisbon is more expensive than a few years ago.
After Lisbon, Porto is the city that has registered the largest increase in properties for rent in Portugal, if we consider prices, the greatest increase is found in Albufera, Madeira, Quarteira followed by Amadora and Seixal, Sintra, Setúbal, Maia, Almada , Loures, Barcelos, Cascais, Vila Franca de Xira, Vila Nova de Gaia and Braga.
Strong increase in prices of properties for rent in Portugal was also registered in Matosinhos, Odivelas, Gondomar, Vila Nova de Famalicão, Leiria and Guimarães. Rental properties in Portugal, especially in Lisbon, continue to give up good yields, while the most profitable are small properties for rent.
The market of properties for rent in Portugal has been favoured by the sharp rise in house prices on sale in the country. As a result, young people prefer to stay at home or prefer to look for properties for rent in Portugal.
Law 31/2012, which was approved by the government in 2012, favours the search for property for rent in Portugal by pensioners who also come from abroad because it favours exemption from income tax for 10 years, no property tax and Portugal offers a cost of living that is 30% lower than in France or other European countries.
If you are interested in looking for property for rent in Portugal, we recommend a seaside city and in any case a dynamic tourist destination.
Lisbon and Porto are the two Portuguese economic capitals and two main tourist destinations. Albufeira and Faro are two of the most beautiful cities in the Algarve beach region. All three have an international airport and are dynamic and lively cities throughout the year and not just in the summer so it is truly the ideal place to look for properties for rent in Portugal.
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