Rent prices increase by 6.5% in February.

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Incomes rise for the second consecutive month.

The rent values of houses rose by 6.5% in February, according to data from the National Institute of Statistics (INE) shared by Notícias ao Minuto.

With the limit imposed on the value of rents in force in 2023, and removed in 2024, this is the second month that the price has risen.

Per square meter, the increased value of 6.5% is even higher than that of January: which showed a 5.9% increase, with all regions showing year-on-year increases.  

The data reveals that in February "all regions showed positive year-on-year variations in housing rents, with Lisbon registering the most intense increase (6.8%)," the news article explains.

On a monthly basis, the average value of housing rents per square meter had a variation of 1.0%, 0.4% less than the previous month. Lisbon was the region with the highest positive monthly variation, with 1.2%, and there was no region with a drop in the respective average value of housing rents.  

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