Income fall (light)
With the storm of the media that we lived in recent days, this news was not almost no noticed, but it seems that the belief in the residential income of the real estate theft, which was released last week, the contracting income decreased by 1.5 % in Lisbon and 0.3 % in Porto until March. The fall was so deprived that those who only seek bank accounts have given this relief …
Written by Francisco Motta Ferrera *
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But if it is not needed to be very caustic, this will not be a reason for the release of Rockkets of Joy, although, apparently, the second quarter of the decline in a row in the values practiced in new contracts, indicating slowing after years of extreme acceleration. Therefore, we need to look at the forest and not focus on the tree, remembering that since the beginning of the epidemic, the income increased by 43 %, reaching 16.6 euros/m² in March 2025, according to an ideal study. It is recognized that the values concerned now are 1.5 % and only 0.3 %, but if the decline is confirmed in the coming months, we may eventually monitor a direction.
However, this narration is still with some contradictory signs. On the one hand, the arrow available for rent in Portugal grew by 49 % in the first quarter of 2025 compared to 2024, reflecting the recovery of the offer that gave signs of scarcity in previous years, where we can read here recently in Diário. However, on the other hand, about 9 % of the property that was announced in idealism in less than 24 hours, indicates that the demand is still very active and selectively, especially in the middle and high parts.
For owners and investors, this stage can be considered as an invitation to be careful and translation: the total lease income is still attractive, but it is wise to review the speed of rapid appreciation. Reduces price correction – albeit a little – the pressure on automatic income increases the contract renewal, and requires more rigor in evaluating risk and wallet planning. On the other hand, for the tenants, the conjunctiva brings some comfort, but the conditional confidence. I just think that, according to DECO, requests for help in paying income increased by 67 % in the first quarter of 2025 compared to the same period in 2024.
This slight decline in Lisbon and Porto is likely to be a sign of installation in a very dynamic cycle. However, it does not deeply change the conditions of the market that was characterized by the urban rental contract in Portugal. For all overlapping, owners, tenants and political decision-makers-the challenge remains: finding a balance between profitability, access to and sustainability for the housing park is still effectively.
The upcoming government may cause some light in this matter so that we do not proceed in the British exaggeration that predicted a few months ago in the economy: “If you cannot find a house to rent it, and blame the government.”
* An article originally published on the daily real estate website.
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