Gross rental yields in Portugal: Lisbon and 5 other cities
The average gross rental yield in Portugal stands at 5.47% (2024, Q2). Previously, in Q4, 2023 the average gross rental yield stood at 5.65%.
- Lisbon
- Porto
- Faro
- Aveiro
- Braga
- Setubal
| Last Updated: May. 24, 2024 | |||
| LISBON - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Lisbon | |||
| Studio | €299,900 | €1,200 | 4.80% |
| 1-Bedroom | €380,000 | €1,500 | 4.74% |
| 2-Bedroom | €470,000 | €2,000 | 5.11% |
| 3-Bedroom | €695,000 | €2,500 | 4.32% |
| 4+Bedroom | €950,000 | €3,500 | 4.42% |
| Cascais | |||
| Studio | €249,000 | €1,100 | 5.30% |
| 1-Bedroom | €360,000 | €1,510 | 5.03% |
| 2-Bedroom | €500,000 | €2,250 | 5.40% |
| 3-Bedroom | €770,000 | €2,950 | 4.60% |
| 4+Bedroom | €1,550,000 | €4,500 | 3.48% |
| Sintra | |||
| 1-Bedroom | €163,000 | €980 | 7.21% |
| 2-Bedroom | €195,000 | €1,200 | 7.38% |
| 3-Bedroom | €245,000 | €1,550 | 7.59% |
| Oeiras | |||
| 1-Bedroom | €269,500 | €1,200 | 5.34% |
| 2-Bedroom | €420,000 | €1,500 | 4.29% |
| 3-Bedroom | €658,000 | €1,875 | 3.42% |
| Lisbon avg. Rental Yields | 5.15% | ||
| PORTO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Porto | |||
| Studio | €210,000 | €980 | 5.60% |
| 1-Bedroom | €250,000 | €1,190 | 5.71% |
| 2-Bedroom | €352,035 | €1,450 | 4.94% |
| 3-Bedroom | €500,000 | €1,900 | 4.56% |
| 4+Bedroom | €660,000 | €2,325 | 4.23% |
| Vila Nova de Gaia | |||
| Studio | €175,000 | €996 | 6.83% |
| 1-Bedroom | €207,500 | €1,000 | 5.78% |
| 2-Bedroom | €278,000 | €1,250 | 5.40% |
| 3-Bedroom | €380,000 | €1,750 | 5.53% |
| Matosinhos | |||
| 1-Bedroom | €239,500 | €1,100 | 5.51% |
| 2-Bedroom | €335,000 | €1,600 | 5.73% |
| 3-Bedroom | €440,000 | €2,200 | 6.00% |
| Porto avg. Rental Yields | 5.48% | ||
| FARO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Faro (all locations) | |||
| Studio | €180,000 | €900 | 6.00% |
| 1-Bedroom | €247,716 | €1,000 | 4.84% |
| 2-Bedroom | €370,000 | €1,350 | 4.38% |
| 3-Bedroom | €395,000 | €1,850 | 5.62% |
| Faro avg. Rental Yields | 5.21% | ||
| AVEIRO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Aveiro (all locations) | |||
| 1-Bedroom | €195,000 | €950 | 5.85% |
| 2-Bedroom | €230,000 | €950 | 4.96% |
| 3-Bedroom | €241,250 | €1,018 | 5.06% |
| Aveiro avg. Rental Yields | 5.29% | ||
| BRAGA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Braga (all locations) | |||
| 1-Bedroom | €180,000 | €800 | 5.33% |
| 2-Bedroom | €227,000 | €960 | 5.07% |
| 3-Bedroom | €255,000 | €1,100 | 5.18% |
| Braga avg. Rental Yields | 5.19% | ||
| SETUBAL - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Setubal (all locations) | |||
| 2-Bedroom | €189,990 | €1,150 | 7.26% |
| 3-Bedroom | €271,000 | €1,300 | 5.76% |
| Setubal avg. Rental Yields | 6.51% | ||
| 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 and Idealista |
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Note: Porto's inconsistent numbers are due to a limited supply of rental units. This is possibly due to Portugal's Golden Visa program.
Portugal's Historic Rental Yield Data
Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the largest cities of Portugal. We used the Idealista website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).
For instance, if the monthly rent is $500 and the purchase price is $100,000, the calculation would be: $500 (Monthly Rent) x 12 / $100,000 (Purchase Price) = 6% (Gross Rental Yield).
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