Quantcast

rental prices Lisbon

Rent freeze in 2021 in Portugal due to deflation

Rent freeze in 2021 in Portugal due to deflation

This is one of the consequences of the deflation that is taking hold in Portugal: residential and commercial rents will not increase in 2021. Indeed, after 5 consecutive years of increase, the inflation rate was zero (-0, 03%) in August, the National Institute of Statistics (INE) confirmed this Thursday, September 10. This zero or negative rate forces the executive to declare a freeze on rental values ​​in 2021. As a result, landlords will not be able to increase their tenant's rent for next year. Lisbob, the # 1 expatriate assistant, tells you all about the rent freeze in Portugal in 2021.

First drop in rental prices in Lisbon since 2016

First drop in rental prices in Lisbon since 2016

Is something happening in the Portuguese capital real estate market ? In fact, the residential income index recorded in the third quarter of 2019 the first negative variation since the third quarter of 2016, according to data from Confidencial Imobiliário. The mad increase in rental prices in Lisbon is coming to an end, after years of increases which have caused housing difficulties for locals. Some see it as a financial bubble burst, others as a simple adjustment. This 1.4% drop is the first for several years. At the national level, the increase was 0.2%, and 2.5% for Porto. Lisbob, the expatriate assistant in Portugal, tells you all about the falling rents in the Portuguese capital.