Gross rental yields in Portugal: Lisbon and 5 other cities
The average gross rental yield in Portugal stands at 4.96% (2024, Q4).
- Lisbon
- Porto
- Faro
- Aveiro
- Braga
- Setubal
| Last Updated: Nov. 19, 2024 | |||
| LISBON - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Cascais | |||
| Studio | €246,000 | €1,150 | 5.61% |
| 1-Bedroom | €380,000 | €1,500 | 4.74% |
| 2-Bedroom | €590,000 | €2,000 | 4.07% |
| 3-Bedroom | €832,500 | €2,700 | 3.89% |
| 4+Bedroom | €1,550,000 | €5,200 | 4.03% |
| Sintra | |||
| 1-Bedroom | €170,500 | €1,025 | 7.21% |
| 2-Bedroom | €210,000 | €1,200 | 6.86% |
| 3-Bedroom | €270,000 | €1,700 | 7.56% |
| Oeiras | |||
| 1-Bedroom | €269,000 | €1,200 | 5.35% |
| 2-Bedroom | €443,625 | €1,500 | 4.06% |
| 3-Bedroom | €685,000 | €2,000 | 3.50% |
| Lisbon (all locations) | |||
| Studio | €299,900 | €1,150 | 4.60% |
| 1-Bedroom | €380,000 | €1,580 | 4.99% |
| 2-Bedroom | €500,000 | €2,000 | 4.80% |
| 3-Bedroom | €750,000 | €2,413 | 3.86% |
| 4+Bedroom | €1,055,750 | €3,500 | 3.98% |
| Lisbon avg. Rental Yields | 4.45% | ||
| PORTO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Vila Nova de Gaia | |||
| Studio | €185,500 | €950 | 6.15% |
| 1-Bedroom | €217,500 | €1,000 | 5.52% |
| 2-Bedroom | €290,000 | €1,335 | 5.52% |
| 3-Bedroom | €450,000 | €1,725 | 4.60% |
| Matosinhos | |||
| 1-Bedroom | €247,387 | €1,000 | 4.85% |
| 2-Bedroom | €394,136 | €1,475 | 4.49% |
| 3-Bedroom | €475,000 | €1,825 | 4.61% |
| Porto (all locations) | |||
| Studio | €230,000 | €1,000 | 5.22% |
| 1-Bedroom | €266,000 | €1,100 | 4.96% |
| 2-Bedroom | €350,000 | €1,500 | 5.14% |
| 3-Bedroom | €530,450 | €1,900 | 4.30% |
| 4+Bedroom | €670,000 | €2,325 | 4.16% |
| Porto avg. Rental Yields | 4.76% | ||
| FARO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Faro (all locations) | |||
| Studio | €179,000 | €950 | 6.37% |
| 1-Bedroom | €252,670 | €1,050 | 4.99% |
| 2-Bedroom | €390,000 | €1,450 | 4.46% |
| 3-Bedroom | €435,000 | €1,800 | 4.97% |
| Faro avg. Rental Yields | 5.20% | ||
| AVEIRO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Aveiro (all locations) | |||
| 1-Bedroom | €204,000 | €900 | 5.29% |
| 2-Bedroom | €245,000 | €980 | 4.80% |
| 3-Bedroom | €260,000 | €1,275 | 5.88% |
| Aveiro avg. Rental Yields | 5.33% | ||
| BRAGA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Braga (all locations) | |||
| 1-Bedroom | €196,000 | €850 | 5.20% |
| 2-Bedroom | €240,000 | €950 | 4.75% |
| 3-Bedroom | €285,000 | €1,100 | 4.63% |
| Braga avg. Rental Yields | 4.86% | ||
| SETUBAL - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Setubal (all locations) | |||
| 2-Bedroom | €220,000 | €1,100 | 6.00% |
| 3-Bedroom | €329,900 | €1,200 | 4.36% |
| Setubal avg. Rental Yields | 5.18% | ||
| 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
Navigatable historical 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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