Rents in Portugal could rise by 2.16% in 2025
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Loading... - Evan Boucher
- 04 Sep 2024
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Rents in Portugal could rise by 2.16% in 2025, based on the latest inflation data released by the National Statistics Institute (INE) for August 2024.
This percentage is derived from the average change in the consumer price index (CPI), excluding housing, over the 12 months leading up to August. This figure is used to determine the coefficient for the annual update of rents under the New Urban Lease Regime (NRAU).
The exact rate for updating rents, which applies to both urban and rural areas, will be confirmed on September 11 when INE releases the final CPI data for August. This figure must be published in the Diário da República by October 30. Landlords can only notify tenants of the rent increase after this publication, and the increase can take effect 30 days after the tenant has been informed.
The anticipated 2.16% increase represents a significant slowdown compared to the 6.94% increase applied last year. The Portuguese government has opted not to cap rent increases in 2024, as it did in 2023, but has introduced additional measures to support tenants.
