English
It is very important to place a rent house with the most appropriate value. The ideal value will allow you to find the most suitable tenant and monetize the property. What mainly influences this value is the location of the property.
Location is one of the most important factors influencing the value of renting a home but it is not the only one. There are a number of factors to keep in mind when finding the most suitable value for the home you want to rent:
In an area where there is a higher demand for real estate, the rental price may increase here. This can happen even if the house does not have many amenities or extras but a high demand allows homeowners to rent with higher values.
The properties located in the city center have higher values than the houses in the periphery. However, within the same neighborhood there may be some price variations.
Additional services such as elevator, concierge, gym, golf course, swimming pool or garage are added value so that the rental price can increase between 5% and 10%.
If the property has been recently refurbished, it may be reflected in the rental value, which may increase up to about 15%. Otherwise, if the house is in poor condition compared to the other houses in the area, the price should fall by 5% or 7%.
The area of the property is a very important factor when defining the value of the lease, since about 30% of this value must correspond to the space of the house. If the property you want to rent has good areas compared to the average, it may have a higher value, because prices are also fixed by the available and useful square meters.
Houses with sea or river views, and some with beautiful mountain views, are generally more expensive.
When renting a house, one should also consider the floor on which the house is located. Generally, the top floor of a building is 5% more expensive than the remaining floors.
If you need to rent your home quickly, you should lower the value too slightly below the average in the area in question. This will interest potential tenants much faster.
In 2018, the average value of renting a house in Portugal increased by 37% over the previous year, averaging a record of 1,106 Euros. This growth was due to the appreciation of the real estate market in Portugal thus increasing the average rental value of apartments and villas from 808 Euros (2017) to 1106 Euros.
With respect to the offer of apartments and villas for rent and sale, one of the most important sites reported a 30% increase in new house listings in 2018 (641203), compared to 2017 (492595).
In 2018, the fastest growing districts for renting houses in Portugal were:
The districts with the lowest average house rental price in 2018 were:
The districts with the highest average rental value in 2018 were:
In 2018, the district of Lisbon recorded the highest average rental value ever, around 1475.53 Euros. Looking at all the listings of new apartments and villas for rent 2017, inserted in one of the largest real estate sites, there is really this increase in values.
In addition to renting full house you can also rent rooms. The average rental price for a room has also increased and depends on location. In a shared house in Marvila it is 275 Euros, while in Chiado that amount rises substantially to an average of 592 Euros.
With the expansion of rental platforms such as Home Away or Airbnb, the offer to rent houses has been multiplying, not only in Portugal but around the world. In these portals there is a lot of demand, mainly from tourists, as well as the increase in the offer of those interested in monetizing their home for rent. And the business is profitable for everyone involved.
For those looking for a way to find more affordable accommodation, for those offering it is a way to earn some extra good money.
