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Buying a house and putting it up for rent yielded 6.9% in the 2nd quarter

The gross profitability of buying a house in Portugal to put it on the rental market was 6.9% in the second quarter of this year, 1.2 percentage points more than in the same period of 2022 (5.7%), announced the idealista, this Thursday.

Analyzing by district capital, Leiria is the most profitable, with a return on investment of around 7.3%, followed by Coimbra (6.2%), Évora (5.8%), Braga (5.8% ), Setúbal (5.6%), Viseu (5.5%), Funchal (5.4%), Porto (5.4%) and Aveiro (5.2%), says the real estate platform idealista in a statement.

The lowest housing profitability, in turn, is obtained by the owners of rented houses in Lisbon (4.5%), Faro (4.5%) and Viana do Castelo (5.1%).

Nationally, offices yield 9.2%, stores 8.6% and garages 6%, reads the distributed note.

Source: Notícias ao Minuto


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