Luxury housing rents increased by 7.6% in Lisbon: Second in the world ranking

Upper segment housing rents in Lisbon increased by 7.6% on an annual basis in the first half of 2026. In Savills' research comparing 30 major cities, Portugal's capital ranked second in the increase in prime housing rents. However, it should be underlined that the figure does not represent all rental houses in Lisbon, but the luxury and upper segment of the market. idealista

How much is the rent for a prime residence in Lisbon?

Prime residential rents in Lisbon increased by 7.6% in the first half of 2026, according to the Savills World Cities Prime Residential Index results reported by Cátia Colaço in Idealista News.

As of June, the average rent in this segment reached approximately 30 euros/m²/month.

In a simple calculation based on this figure, just to understand the scale, a 100 square meter prime residence corresponds to approximately 3,000 euros/month. However, this does not mean that the market rent for any 100 square meter house in Lisbon is 3,000 euros; The research specifically measures the prime segment. idealista

In the same research, it is stated that the sales price of prime housing is approximately 14,600 euros/m². While the increase in sales prices in the first half was 3.3%, rents increased by 7.6%, indicating that the pressure on the rental side is stronger. idealista

Why are rents rising faster than sales prices?

One of the problems highlighted by the research is the limited supply of rentable upper segment housing.

While Lisbon maintains its attractiveness for international buyers, some customers who cannot find housing with the features they want to buy are turning to the rental market. This brings additional demand to the already limited quality rental housing stock.

Therefore, the table should not be read simply as "houses have become more expensive". There is a supply-demand problem in which the purchase and rental markets feed on each other.

What does it mean for those considering moving to Portugal?

There is an important distinction here.

It is not correct to use the 7.6% increase as rent inflation across Lisbon. Savills' "prime" classification covers the highest quality and most expensive part of the market.

So a tenant looking for a regular T1 or T2:

"All rents in Lisbon increased by 7.6%"

should not draw conclusions.

However, high demand in the prime market shows that Lisbon is still a strong attraction, especially for tenants in the international income bracket.

This situation may also contribute to the spread of demand in the center and prestigious regions towards the peripheral regions; But it is necessary to look at separate rental data to tell how much impact it has in certain neighborhoods.

Don't rely on a single "Lisbon average" when looking for a home

It is more meaningful for those looking for a house in Lisbon to make the comparison based on the following features as much as possible:

- neighborhood,

- T0/T1/T2/T3 type,

- square meters,

- being furnished/unfurnished,

- energy class,

- transport connection,

- contract period.

Comparing the prime housing average to the general market average can be misleading.

Savills also expects Lisbon prime sales prices to rise between 2% and 3.9% in the second half of 2026. idealista

PTNewsHub review

The real striking data in the news is not just 7.6%. The fact that prime rents are increasing faster than sales prices shows that the supply of rental housing in the upper segment is having difficulty keeping up with the demand.

Therefore, instead of using the headline "All rents increased by 7.6% in Lisbon", it is necessary to clearly state the scope.

Sources Reviewed

Idealista News — Cátia Colaço, September 8, 2026 — Original news and image