Rental yields in Lisbon are moderately good

Last Updated: Sept. 27, 2022
LISBON - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Lisbon
Studio €285,000 €1,150 4.84%
1-Bedroom €392,500 €1,450 4.43%
2-Bedroom €299,000 €1,800 7.22%
3-Bedroom €447,000 €2,200 5.91%
4+Bedroom €890,000 €3,275 4.42%
Cascais
Studio €240,000 €1,025 5.13%
1-Bedroom €380,000 €1,500 4.74%
2-Bedroom €382,500 €2,000 6.27%
3-Bedroom €715,000 €2,950 4.95%
4+Bedroom €995,000 €4,350 5.25%
Sintra
1-Bedroom €135,000 €760 6.76%
2-Bedroom €165,000 €795 5.78%
3-Bedroom €225,000 €1,800 9.60%
4+Bedroom €335,000 €2,900 10.39%
Oeiras
2-Bedroom €470,000 €1,200 3.06%
3-Bedroom €632,445 €1,800 3.42%
4+Bedroom €872,500 €2,125 2.92%
Lisbon avg. Rental Yields 5.59%
PORTO - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Porto
Studio €214,000 €1,200 6.73%
1-Bedroom €235,000 €1,000 5.11%
2-Bedroom €325,000 €1,200 4.43%
3-Bedroom €415,000 €1,800 5.20%
4+Bedroom €576,000 €2,000 4.17%
Vila Nova de Gaia
Studio €208,000 €1,100 6.35%
1-Bedroom €170,000 €700 4.94%
2-Bedroom €245,000 €790 3.87%
3-Bedroom €335,000 €1,300 4.66%
4+Bedroom €600,000 €2,500 5.00%
Matosinhos
Studio €169,000 €720 5.11%
1-Bedroom €207,000 €875 5.07%
2-Bedroom €297,500 €1,250 5.04%
3-Bedroom €490,000 €1,400 3.43%
4+Bedroom €695,000 €2,150 3.71%
Porto avg. Rental Yields 4.85%
FARO - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Faro (all locations)
Studio €149,500 €700 5.62%
1-Bedroom €206,500 €750 4.36%
2-Bedroom €259,000 €1,000 4.63%
3-Bedroom €365,000 €1,400 4.60%
4+Bedroom €409,000 €1,400 4.11%
Faro avg. Rental Yields 4.66%
AVEIRO - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Aveiro (all locations)
Studio €150,000 €650 5.20%
1-Bedroom €177,750 €750 5.06%
2-Bedroom €199,000 €825 4.97%
3-Bedroom €219,900 €800 4.37%
Aveiro avg. Rental Yields 4.90%
FUNCHAL - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Funchal (all locations)
Studio €157,300 €700 5.34%
1-Bedroom €265,000 €1,025 4.64%
2-Bedroom €355,000 €2,500 8.45%
3-Bedroom €450,000 €2,000 5.33%
Funchal avg. Rental Yields 5.94%
BRAGA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Braga (all locations)
1-Bedroom €149,000 €800 6.44%
2-Bedroom €200,000 €720 4.32%
3-Bedroom €235,000 €900 4.60%
4+Bedroom €283,750 €885 3.74%
Braga avg. Rental Yields 4.78%
SETUBAL - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Setubal (all locations)
2-Bedroom €158,000 €835 6.43%
3-Bedroom €232,000 €973 5.03%
Setubal avg. Rental Yields 5.69%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

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Apartment yields in Lisbon range from 3.06% to 10.39% and on average are 5.59%. These are good yields and the purchase price is attractive for a European capital city.

Apartments in Porto can generate returns between 3.43% to 6.73% with a city average of 4.85%. As a disclaimer, Porto´s numbers may be somewhat inconsistent due to a limited supply of rental units. This is possibly due to Portugal´s Golden Visa program.

Apartments in Faro return rental yields of around 4.66%. Aveiro has an average return of 4.90%, Funchal produces 5.94%, Braga´s average is 4.78% and in Setubal it´s 5.69% on average.

Round trip transaction costs can be high in Portugal. See our property transaction costs analysis for Portugal and Property transaction costs in Portugal, compared to the rest of Europe.