Gross rental yields in Portugal: Lisbon and 5 other cities
The average gross rental yield in Portugal stands at 5.65% (2023, Q4).
- Lisbon
- Porto
- Faro
- Aveiro
- Braga
- Setubal
Last Updated: Dec. 07, 2023 | |||
LISBON - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Lisbon | |||
Studio | €299,900 | €1,200 | 4.80% |
1-Bedroom | €370,000 | €1,500 | 4.86% |
2-Bedroom | €435,000 | €2,000 | 5.52% |
3-Bedroom | €675,000 | €2,500 | 4.44% |
4+Bedroom | €920,000 | €3,700 | 4.83% |
Cascais | |||
Studio | €279,250 | €1,325 | 5.69% |
1-Bedroom | €383,750 | €1,500 | 4.69% |
2-Bedroom | €450,000 | €2,000 | 5.33% |
3-Bedroom | €680,000 | €2,850 | 5.03% |
4+Bedroom | €1,450,000 | €3,650 | 3.02% |
Sintra | |||
1-Bedroom | €150,000 | €1,075 | 8.60% |
2-Bedroom | €185,000 | €1,200 | 7.78% |
3-Bedroom | €235,000 | €1,500 | 7.66% |
4+Bedroom | €325,000 | €3,000 | 11.08% |
Oeiras | |||
1-Bedroom | €297,000 | €1,200 | 4.85% |
2-Bedroom | €412,600 | €1,500 | 4.36% |
3-Bedroom | €611,000 | €1,800 | 3.54% |
Lisbon avg. Rental Yields | 5.65% | ||
PORTO - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Porto | |||
Studio | €230,000 | €1,000 | 5.22% |
1-Bedroom | €237,750 | €1,200 | 6.06% |
2-Bedroom | €330,375 | €1,500 | 5.45% |
3-Bedroom | €499,000 | €2,000 | 4.81% |
4+Bedroom | €677,000 | €2,475 | 4.39% |
Vila Nova de Gaia | |||
1-Bedroom | €190,000 | €1,000 | 6.32% |
2-Bedroom | €265,200 | €1,300 | 5.88% |
3-Bedroom | €371,000 | €2,000 | 6.47% |
4-Bedroom | €598,000 | €1,800 | 3.61% |
Matosinhos | |||
Studio | €175,000 | €900 | 6.17% |
1-Bedroom | €225,000 | €1,100 | 5.87% |
2-Bedroom | €308,750 | €1,600 | 6.22% |
3-Bedroom | €430,000 | €2,050 | 5.72% |
4-Bedroom | €825,000 | €3,500 | 5.09% |
Porto avg. Rental Yields | 5.59% | ||
FARO - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Faro (all locations) | |||
Studio | €179,000 | €750 | 5.03% |
1-Bedroom | €239,000 | €900 | 4.52% |
2-Bedroom | €355,000 | €1,300 | 4.39% |
3-Bedroom | €398,000 | €1,500 | 4.52% |
Faro avg. Rental Yields | 4.62% | ||
AVEIRO - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Aveiro (all locations) | |||
Studio | €155,000 | €825 | 6.39% |
1-Bedroom | €190,000 | €925 | 5.84% |
2-Bedroom | €219,000 | €900 | 4.93% |
3-Bedroom | €230,000 | €975 | 5.09% |
Aveiro avg. Rental Yields | 5.56% | ||
BRAGA - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Braga (all locations) | |||
Studio | €135,000 | €635 | 5.64% |
1-Bedroom | €172,500 | €800 | 5.57% |
2-Bedroom | €210,000 | €950 | 5.43% |
3-Bedroom | €248,250 | €1,000 | 4.83% |
4+Bedroom | €305,000 | €1,438 | 5.66% |
Braga avg. Rental Yields | 5.43% | ||
SETUBAL - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Setubal (all locations) | |||
2-Bedroom | €168,000 | €1,100 | 7.86% |
3-Bedroom | €270,000 | €1,400 | 6.22% |
Setubal avg. Rental Yields | 7.04% | ||
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 |
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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