Rents reach 20% in Lisbon and Porto



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On the rental market, there is one before and one after 2015. This year marks the beginning of a cycle of annual rent increases which, in the case of Porto, has translated into a rise of 20% over the first three months of the year. This is the highest increase of the last seven years, well above 13% nationwide and places the northern city at the same level as Lisbon.

Despite this income inflation, the time homeowners expect to have a new tenant. When the crisis hit the door and the banks closed the credit line, living in a rented house was an option. The market has gained momentum, but even so, according to the confidential property data provided to DN / Dinheiro Vivo, in 2013, a Porto owner waited on average five months before he could find a tenant and in Lisbon or Sintra, months. Now, they expect much less and there are situations where houses do not even reach sites or stay there for less than 48 hours .

On average, in the first three months of this year the houses were "vacant". "Less than two months." This average term, measured by the Residential Information System Ci, is similar whether in Lisbon or Porto or in the peripheries such as Matosinhos, Maia, Amadora or Oeiras.

Those on the ground live this speed measured by statistics at an even more intense pace. Carlos Martins knows very well how the market has changed. Five years ago, he was in charge of managing the rent of the various properties belonging to the family. "About three years ago, I needed five months and several visits to find a tenant for an apartment (T2) in Queluz, now we have another, in the same place, to rent", he said. The size of the houses is similar, the big difference is that, this time, the apartment is still under construction "and I already have several people interested in staying with him." The price is also different: three years ago asked 350 euros, now will ask 550 euros.

It is also the experience that you live with another apartment, a T3 in Graça (Lisbon). The income will be about 1000 euros and "I have several people who fulfill all the conditions we ask for," he says.

A lot of demand, little offer

In the north, the picture is the same. Filipe Balsa, from Remax Pro, daily observes this imbalance between supply and demand. And he gives as an example the very recent case of a person from Lisbon who called it the day a T1 in the Bonfim area had entered the real estate . "He was looking for a house for his daughter who comes to Porto to study and stay with the apartment without even seeing him," he told DN / Dinheiro Vivo, noting that houses are being rented in less than 48 hours [19659002″Lademandeesttellequej'aidesgensquiappellentpourmedemandersilespropriétairesdesmaisonsquej'aiàvendreneveulentpaslesloueretilsdisentqu'ilspaientunloyerdesixoudouzemois”dit-il] Luís Costa lives a reality that illustrates the situation the market is going through. There was a T2 that was vacant as a result of an eviction action – "the tenant was there two years, the rent was 250 euros but it was due 12 months" – in Póvoa de Santo Adrião and the cell phone keeps playing. "These are neighbors who know that the house is going to walk around and that they tell me that they know who they want to rent -the", says .

On average, during the first three months of this year,

This rush – caused mainly by the inability of available properties to meet demand – has led prices to unusual values ​​for Portuguese lands, as shown in the relative income index in the first quarter of this year, which were advanced to DN / Dinheiro Vivo.

Between January and March 2018, this index represented an annual price change of 13%, the largest increase since 2014. For this result was essential for the behavior of the Porto market, which recorded the largest increase in last seven years (20%), which represents an increase of four points compared to the trend observed at the end of 2017.

The upward trend homolol oga in Porto began in 2015 and the city has already three quarters in which the revenues reach two figures in homologous terms. In Lisbon, double-digit increases began in 2016 hit a peak (22%) in early 2017 and now add two consecutive quarters to a quarterly quarterly change of 20%

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