Gross rental yields in Portugal: Lisbon and 5 other cities
The average gross rental yield in Portugal stands at 5.64% (2023, Q3).
- Lisbon
- Porto
- Faro
- Aveiro
- Braga
- Setubal
| Last Updated: Aug. 18, 2023 | |||
| LISBON - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Lisbon | |||
| Studio | €299,900 | €1,375 | 5.50% |
| 1-Bedroom | €380,000 | €1,500 | 4.74% |
| 2-Bedroom | €420,000 | €1,970 | 5.63% |
| 3-Bedroom | €640,000 | €2,500 | 4.69% |
| 4+Bedroom | €898,000 | €3,700 | 4.94% |
| Cascais | |||
| Studio | €287,500 | €1,200 | 5.01% |
| 1-Bedroom | €380,000 | €1,500 | 4.74% |
| 2-Bedroom | €385,000 | €2,200 | 6.86% |
| 3-Bedroom | €650,000 | €3,000 | 5.54% |
| 4+Bedroom | €1,085,700 | €5,500 | 6.08% |
| Sintra | |||
| 1-Bedroom | €160,000 | €850 | 6.38% |
| 2-Bedroom | €185,000 | €1,125 | 7.30% |
| 3-Bedroom | €245,000 | €1,500 | 7.35% |
| 4+Bedroom | €315,000 | €1,800 | 6.86% |
| Oeiras | |||
| 1-Bedroom | €270,000 | €1,275 | 5.67% |
| 2-Bedroom | €395,000 | €1,500 | 4.56% |
| 3-Bedroom | €610,000 | €2,300 | 4.52% |
| Lisbon avg. Rental Yields | 5.67% | ||
| PORTO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Porto | |||
| Studio | €235,000 | €1,000 | 5.11% |
| 1-Bedroom | €235,000 | €1,300 | 6.64% |
| 2-Bedroom | €325,000 | €1,575 | 5.82% |
| 3-Bedroom | €459,000 | €1,950 | 5.10% |
| 4+Bedroom | €650,000 | €2,150 | 3.97% |
| Vila Nova de Gaia | |||
| 1-Bedroom | €185,000 | €950 | 6.16% |
| 2-Bedroom | €252,500 | €1,225 | 5.82% |
| 3-Bedroom | €350,000 | €1,800 | 6.17% |
| Matosinhos | |||
| 1-Bedroom | €228,000 | €1,000 | 5.26% |
| 2-Bedroom | €330,000 | €1,500 | 5.45% |
| 3-Bedroom | €454,500 | €1,850 | 4.88% |
| Porto avg. Rental Yields | 5.49% | ||
| FARO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Faro (all locations) | |||
| Studio | €160,750 | €800 | 5.97% |
| 1-Bedroom | €235,000 | €950 | 4.85% |
| 2-Bedroom | €345,000 | €1,250 | 4.35% |
| 3-Bedroom | €395,000 | €1,700 | 5.16% |
| Faro avg. Rental Yields | 5.08% | ||
| AVEIRO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Aveiro (all locations) | |||
| Studio | €162,000 | €750 | 5.56% |
| 1-Bedroom | €190,000 | €1,000 | 6.32% |
| 2-Bedroom | €210,000 | €1,100 | 6.29% |
| Aveiro avg. Rental Yields | 6.05% | ||
| BRAGA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Braga (all locations) | |||
| Studio | €142,500 | €600 | 5.05% |
| 1-Bedroom | €160,000 | €750 | 5.63% |
| 2-Bedroom | €200,000 | €950 | 5.70% |
| 3-Bedroom | €241,000 | €1,000 | 4.98% |
| 4+Bedroom | €272,500 | €1,250 | 5.50% |
| Braga avg. Rental Yields | 5.37% | ||
| SETUBAL - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Setubal (all locations) | |||
| 2-Bedroom | €155,000 | €920 | 7.12% |
| 3-Bedroom | €265,000 | €1,150 | 5.21% |
| Setubal avg. Rental Yields | 6.17% | ||
| 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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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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