Portugal Property Prices, Rents & Rental Yields
Data updated monthly.Last update:July 2, 2026
Confidence
High
Portugal market overview: score, prices and rental yields
Market Score
100Excellent
100 / 100
Investability
100Price momentum
100Rental demand
100Sales demand
100Median asking price
€365,000
| 1M | 0% |
| 1Y | +1.4% |
| Month | Median asking price |
|---|---|
| August 2025 | €360,000 |
| September 2025 | €360,000 |
| October 2025 | €360,000 |
| November 2025 | €355,000 |
| December 2025 | €350,000 |
| January 2026 | €356,000 |
| February 2026 | €359,000 |
| March 2026 | €359,900 |
| April 2026 | €361,600 |
| May 2026 | €363,300 |
| June 2026 | €365,000 |
| July 2026 | €365,000 |
Median monthly rent
€1,350
| 1M | -3.6% |
| 1Y | -3.6% |
| Month | Median monthly rent |
|---|---|
| August 2025 | €1,400 |
| September 2025 | €1,400 |
| October 2025 | €1,390 |
| November 2025 | €1,350 |
| December 2025 | €1,350 |
| January 2026 | €1,350 |
| February 2026 | €1,350 |
| March 2026 | €1,400 |
| April 2026 | €1,400 |
| May 2026 | €1,400 |
| June 2026 | €1,400 |
| July 2026 | €1,350 |
Gross Rental Yield
4.95%
| 1M | -0.9% |
| 1Y | -3.2% |
| Month | Gross Rental Yield |
|---|---|
| August 2025 | 5.26% |
| September 2025 | 5.23% |
| October 2025 | 5.05% |
| November 2025 | 5.01% |
| December 2025 | 5.03% |
| January 2026 | 5% |
| February 2026 | 4.98% |
| March 2026 | 5.06% |
| April 2026 | 5.03% |
| May 2026 | 5.01% |
| June 2026 | 4.99% |
| July 2026 | 4.95% |
Median price per m²
€3,510
| 1M | 0% |
| 1Y | +6.3% |
| Month | Median price per m² |
|---|---|
| August 2025 | €3,330 |
| September 2025 | €3,330 |
| October 2025 | €3,330 |
| November 2025 | €3,290 |
| December 2025 | €3,300 |
| January 2026 | €3,330 |
| February 2026 | €3,390 |
| March 2026 | €3,400 |
| April 2026 | €3,430 |
| May 2026 | €3,470 |
| June 2026 | €3,510 |
| July 2026 | €3,510 |
Market Breakdown
Property listings (130,218 for sale)
Top submarket
100
Gross Rental Yield
4.54 %
Median asking price
€267k
Median monthly rent
€950
Gross Rental Yield
| Category | Gross Rental Yield |
|---|---|
| Studio | 4.74% |
| 1 bedroom | 4.68% |
| 2 bedroom | 4.9% |
| 3 bedroom | 5.1% |
| 4+ bedroom | 5.17% |
| Category | Gross Rental Yield |
|---|---|
| 30-40 m² apartments | 5.07% |
| 40-50 m² apartments | 5.04% |
| 50-60 m² apartments | 4.93% |
| 60-70 m² apartments | 4.88% |
| 70-80 m² apartments | 5.2% |
| 80-90 m² apartments | 4.91% |
| 90-100 m² apartments | 4.99% |
| 100-110 m² apartments | 5% |
| 110-120 m² apartments | 4.92% |
| 120-130 m² apartments | 4.98% |
| 130-140 m² apartments | 5.18% |
| 140-150 m² apartments | 5.26% |
Median price per m²
| Category | Median price per m² |
|---|---|
| Studio | €5,220 |
| 1 bedroom | €4,540 |
| 2 bedroom | €3,720 |
| 3 bedroom | €3,080 |
| 4+ bedroom | €3,180 |
| Category | Median price per m² |
|---|---|
| 30-40 m² apartments | 6430 |
| 40-50 m² apartments | 5560 |
| 50-60 m² apartments | 5090 |
| 60-70 m² apartments | 4540 |
| 70-80 m² apartments | 4000 |
| 80-90 m² apartments | 3880 |
| 90-100 m² apartments | 3710 |
| 100-110 m² apartments | 3460 |
| 110-120 m² apartments | 3420 |
| 120-130 m² apartments | 3310 |
| 130-140 m² apartments | 3280 |
| 140-150 m² apartments | 3090 |
Number of listings for sale
| Category | Number of listings for sale |
|---|---|
| Studio | 1,920 |
| 1 bedroom | 8,677 |
| 2 bedroom | 22.5k |
| 3 bedroom | 18.5k |
| 4+ bedroom | 3,079 |
| Category | Number of listings for sale |
|---|---|
| 30-40 m² apartments | 842 |
| 40-50 m² apartments | 1,887 |
| 50-60 m² apartments | 2,628 |
| 60-70 m² apartments | 3,765 |
| 70-80 m² apartments | 4,405 |
| 80-90 m² apartments | 5,393 |
| 90-100 m² apartments | 5,574 |
| 100-110 m² apartments | 4,975 |
| 110-120 m² apartments | 4,770 |
| 120-130 m² apartments | 4,299 |
| 130-140 m² apartments | 3,681 |
| 140-150 m² apartments | 3,104 |
Number of listings for rent
| Category | Number of listings for rent |
|---|---|
| Studio | 1,415 |
| 1 bedroom | 4,294 |
| 2 bedroom | 5,677 |
| 3 bedroom | 3,164 |
| 4+ bedroom | 694 |
| Category | Number of listings for rent |
|---|---|
| 30-40 m² apartments | 624 |
| 40-50 m² apartments | 1,253 |
| 50-60 m² apartments | 1,450 |
| 60-70 m² apartments | 1,529 |
| 70-80 m² apartments | 1,516 |
| 80-90 m² apartments | 1,426 |
| 90-100 m² apartments | 1,224 |
| 100-110 m² apartments | 1,233 |
| 110-120 m² apartments | 866 |
| 120-130 m² apartments | 922 |
| 130-140 m² apartments | 625 |
| 140-150 m² apartments | 535 |
Market Trends
Listings by property size
Studio (5%)
1 bedroom (19%)
2 bedroom (40%)
3 bedroom (31%)
4+ bedroom (5%)
| Category | Listings by property size |
|---|---|
| Studio (5%) | 3,335 listings (5%) |
| 1 bedroom (19%) | 13.0k listings (19%) |
| 2 bedroom (40%) | 28.2k listings (40%) |
| 3 bedroom (31%) | 21.6k listings (31%) |
| 4+ bedroom (5%) | 3,773 listings (5%) |
Sales Activity Index
18-35%
| Month | Sales Activity Index |
|---|---|
| August 2025 | 26% |
| September 2025 | 28% |
| October 2025 | 30% |
| November 2025 | 32% |
| December 2025 | 35% |
| January 2026 | 20% |
| February 2026 | 29% |
| March 2026 | 28% |
| April 2026 | 29% |
| May 2026 | 31% |
| June 2026 | 32% |
| July 2026 | 18% |
Rent Activity Index
33-50%
| Month | Rent Activity Index |
|---|---|
| August 2025 | 39% |
| September 2025 | 41% |
| October 2025 | 50% |
| November 2025 | 43% |
| December 2025 | 46% |
| January 2026 | 34% |
| February 2026 | 41% |
| March 2026 | 41% |
| April 2026 | 43% |
| May 2026 | 45% |
| June 2026 | 47% |
| July 2026 | 33% |
Median asking price
| Month | Studio | 1 bedroom | 2 bedroom | 3 bedroom | 4+ bedroom |
|---|---|---|---|---|---|
| August 2025 | €230k | €285k | €360k | €410k | €500k |
| September 2025 | €230k | €290k | €359k | €410k | €510k |
| October 2025 | €230k | €295k | €357.1k | €405k | €499k |
| November 2025 | €235k | €290k | €350k | €398k | €490k |
| December 2025 | €230k | €290k | €350k | €395k | €499k |
| January 2026 | €230k | €288k | €359k | €399k | €490k |
| February 2026 | €235k | €289k | €359k | €398k | €495k |
| March 2026 | €235k | €290k | €360k | €399k | €495k |
| April 2026 | €235k | €292.7k | €363k | €399.3k | €495k |
| May 2026 | €235k | €295.3k | €366k | €399.7k | €495k |
| June 2026 | €235k | €298k | €369k | €400k | €495k |
| July 2026 | €235k | €295k | €365k | €400k | €499k |
Median monthly rent
| Month | Studio | 1 bedroom | 2 bedroom | 3 bedroom | 4+ bedroom |
|---|---|---|---|---|---|
| August 2025 | €1,000 | €1,200 | €1,500 | €1,780 | €2,200 |
| September 2025 | €990 | €1,200 | €1,500 | €1,790 | €2,200 |
| October 2025 | €950 | €1,200 | €1,490 | €1,700 | €2,100 |
| November 2025 | €900 | €1,150 | €1,450 | €1,700 | €2,100 |
| December 2025 | €900 | €1,150 | €1,450 | €1,700 | €2,200 |
| January 2026 | €900 | €1,150 | €1,450 | €1,700 | €2,180 |
| February 2026 | €890 | €1,150 | €1,460 | €1,750 | €2,100 |
| March 2026 | €900 | €1,200 | €1,500 | €1,750 | €2,200 |
| April 2026 | €900 | €1,200 | €1,500 | €1,750 | €2,170 |
| May 2026 | €900 | €1,200 | €1,500 | €1,750 | €2,130 |
| June 2026 | €900 | €1,200 | €1,500 | €1,750 | €2,100 |
| July 2026 | €930 | €1,150 | €1,490 | €1,700 | €2,150 |
Years to profit (sale to rent ratio)
| Month | Studio | 1 bedroom | 2 bedroom | 3 bedroom | 4+ bedroom |
|---|---|---|---|---|---|
| August 2025 | 19.26 | 19.79 | 20 | 19.19 | 18.94 |
| September 2025 | 19.36 | 20.14 | 19.94 | 19.09 | 19.32 |
| October 2025 | 20.18 | 20.49 | 19.97 | 19.85 | 19.8 |
| November 2025 | 21.76 | 21.01 | 20.11 | 19.51 | 19.44 |
| December 2025 | 21.3 | 21.01 | 20.11 | 19.36 | 18.9 |
| January 2026 | 21.42 | 20.87 | 20.63 | 19.56 | 18.77 |
| February 2026 | 22 | 20.94 | 20.56 | 18.95 | 19.64 |
| March 2026 | 21.76 | 20.14 | 20 | 19 | 18.75 |
| April 2026 | 21.76 | 20.32 | 20.17 | 19.02 | 19.05 |
| May 2026 | 21.76 | 20.51 | 20.33 | 19.03 | 19.35 |
| June 2026 | 21.76 | 20.69 | 20.5 | 19.05 | 19.64 |
| July 2026 | 21.08 | 21.38 | 20.41 | 19.61 | 19.34 |
Median price per m²
| Month | Studio | 1 bedroom | 2 bedroom | 3 bedroom | 4+ bedroom |
|---|---|---|---|---|---|
| August 2025 | €4,890 | €4,320 | €3,530 | €3,040 | €3,140 |
| September 2025 | €4,790 | €4,390 | €3,550 | €3,040 | €3,210 |
| October 2025 | €5,000 | €4,470 | €3,540 | €3,020 | €3,150 |
| November 2025 | €5,110 | €4,390 | €3,470 | €2,990 | €3,100 |
| December 2025 | €5,000 | €4,390 | €3,500 | €2,990 | €3,200 |
| January 2026 | €5,000 | €4,360 | €3,590 | €3,020 | €3,100 |
| February 2026 | €5,220 | €4,450 | €3,590 | €3,020 | €3,130 |
| March 2026 | €5,220 | €4,390 | €3,600 | €3,020 | €3,130 |
| April 2026 | €5,220 | €4,460 | €3,660 | €3,040 | €3,150 |
| May 2026 | €5,220 | €4,520 | €3,710 | €3,060 | €3,160 |
| June 2026 | €5,220 | €4,580 | €3,770 | €3,080 | €3,170 |
| July 2026 | €5,220 | €4,540 | €3,720 | €3,080 | €3,180 |
Profitability Scenarios
* With a €150,000 investment
Lower-yield district
€2,940
Annual Rental Income
Higher-yield district
€15,945
Annual Rental Income
As of July 2026, gross rental yields in Portugal ranged from ~1.96% in the lowest-yielding districts to ~10.63% in the highest-yielding districts
Investment Insights by Regions
100
Gross Rental Yield
4.54 %
Median asking price
€267k
Median monthly rent
€950
92
Gross Rental Yield
4.47 %
Median asking price
€280k
Median monthly rent
€950
90
Gross Rental Yield
4.23 %
Median asking price
€235k
Median monthly rent
€780
87
Gross Rental Yield
4.3 %
Median asking price
€297k
Median monthly rent
€1,000
87
Gross Rental Yield
4.91 %
Median asking price
€335k
Median monthly rent
€1,300
86
Gross Rental Yield
4.17 %
Median asking price
€285k
Median monthly rent
€850
86
Gross Rental Yield
4.34 %
Median asking price
€289.9k
Median monthly rent
€1,000
85
Gross Rental Yield
4.39 %
Median asking price
€445k
Median monthly rent
€1,500
85
Gross Rental Yield
7.29 %
Median asking price
€240k
Median monthly rent
€1,000
82
Gross Rental Yield
4.6 %
Median asking price
€460k
Median monthly rent
€1,600
79
Gross Rental Yield
4.51 %
Median asking price
€479.9k
Median monthly rent
€1,700
77
Gross Rental Yield
4.71 %
Median asking price
€335k
Median monthly rent
€1,200
77
Gross Rental Yield
4.64 %
Median asking price
€255k
Median monthly rent
€880
61
Gross Rental Yield
5.9 %
Median asking price
€298k
Median monthly rent
€1,000
58
Gross Rental Yield
4.73 %
Median asking price
€190k
Median monthly rent
€640
38
Gross Rental Yield
10.33 %
Median asking price
€90k
Median monthly rent
€600
9
Gross Rental Yield
4.61 %
Median asking price
€230k
Median monthly rent
€650
7
Gross Rental Yield
5.83 %
Median asking price
€136.5k
Median monthly rent
€680
6
Gross Rental Yield
5.11 %
Median asking price
€166.3k
Median monthly rent
€610
4
Gross Rental Yield
4.34 %
Median asking price
€350k
Median monthly rent
€1,250
1
Gross Rental Yield
4.79 %
Median asking price
€350k
Median monthly rent
€1,240
1
Gross Rental Yield
6.48 %
Median asking price
€187.5k
Median monthly rent
€740
About Portugal
Portugal combines Atlantic coastline, historic cities, and a diverse apartment market shaped by both tourism and long-term living. From Lisbon and Porto to resort-led areas farther south, the country offers a broad investment backdrop with distinct regional identities and consistent international appeal. July 2026 brings the clearest signal in apartment pricing: income has softened even as capital values remain broadly steady. The average sale price held at €365,000 month over month, while the average price per square metre was unchanged at €3,510. Against that stability, rents slipped 3.6% in the month to €1,350. That combination leaves the yield at 4.95%, which points to a market where pricing power is not moving in step across all measures. On a yearly basis, the average sale price is up 1.4% and the average price per square metre is up 6.3%, yet the average rent is still down 3.6%. For apartment investors in Portugal, July’s picture is less about broad-based growth and more about the gap between value retention and rental compression.
Name | |||||
|---|---|---|---|---|---|
All | 4.95 % | 54,654 | 15,244 | €365,000 | €1,350 |
Studio | 4.74 % | 1,920 | 1,415 | €235,000 | €930 |
1 Bedroom | 4.68 % | 8,677 | 4,294 | €295,000 | €1,150 |
2 Bedrooms | 4.9 % | 22,497 | 5,677 | €365,000 | €1,490 |
3 Bedrooms | 5.1 % | 18,481 | 3,164 | €400,000 | €1,700 |
4+ Bedrooms | 5.17 % | 3,079 | 694 | €499,000 | €2,150 |
Summary and Key Takeaways
As of July 2026, Portugal offers a median rental yield of 4.95%
Median property prices in Portugal are €365,000, while the median rent is €1,350. This means that a median property in Portugal will pay for itself in 22.5 years.
Detailed real estate yield breakdown:
A median studio apartment: 4.74% yield, sale price €235,000, rent €930.
A median 1-bedroom apartment: 4.68% yield, sale price €295,000, rent €1,150.
A median 2-bedroom apartment: 4.90% yield, sale price €365,000, rent €1,490.
A median 3-bedroom apartment: 5.10% yield, sale price €400,000, rent €1,700.
A median 4+ bedroom apartment: 5.17% yield, sale price €499,000, rent €2,150.
Where exactly to buy the property?
Among the most popular cities to invest in Portugal, Lisbon offers yields of up to 6.08% for 2-bedroom apartments, making it a strong investment choice. Explore Lisbon in more detail to find the most profitable neighborhoods.