Setúbal Property Prices, Rents & Rental Yields

About Setúbal

Setúbal sits beside the Sado estuary, with the Arrábida hills and Atlantic coast close by. Its waterfront and access to the Tróia peninsula give this city south of Lisbon a distinctive geographic setting.

In October 2026, the clearest signal for apartments is the contrast between sale prices and rent. The average price per square metre stands at €3,170, up 7.7% year over year, while the average rent is down 7.7% over the same period. These averages do not describe every apartment, but together they point to a more complicated income calculation for anyone weighing a purchase against potential rent.

The reported yield is 4.92%. It is a useful snapshot, not a promise of what an individual apartment will return. The opposing annual movements provide the essential context: a higher price per square metre is not being matched by a higher average rent. That supports a cautious reading of rental income relative to purchase pricing, without establishing that yields themselves have risen or fallen.

For an investor, the practical step is to keep the two sides of the calculation separate. The price-per-square-metre measure describes the cost of space; the rent series speaks to potential income. Neither determines the result for a specific apartment. Setúbal’s coastal setting remains a constant, but this month’s market note turns on that gap between the annual price and rent trends.