Rents fall in Lisbon for the first time in six years (Expresso, 8 Jul 2020)
Last updated
Was this helpful?
Last updated
Was this helpful?
Housing. Rents fall in Lisbon for the first time in six years
Original headline in Portuguese: Habitação. Rendas caem em Lisboa pela primeira vez em seis anos
By Vítor Andrade. Published in Expresso on 8 July 2020
Summary through Google Translate:
For the first time in six years, housing rents in Lisbon dropped 1.8% in the first quarter of this year - compared to the same period last year.
According to the Confidencial Imobiliário database, the last negative change dates back to the fourth quarter of 2013 (-1.7%).
Since the end of 2017, rents in Lisbon have been losing pace, going from a year-on-year increase of around 19% then recorded, to around 12% at the end of 2018 and, in a new contraction, to 1.4% at the end of 2019 , also note the analysts of Confidencial Imobiliário.
Keywords: Lisbon, Porto, Portugal, rental housing, rental prices, data sources