In recent years, the rental market in Portugal has experienced a remarkable boom, becoming an increasingly attractive destination for both locals and expatriates. However, this growth has also brought a number of challenges and considerations that are essential to know for those interested in renting a property in the country.
First, it is important to highlight that the most demanded cities, such as Lisbon and Porto, have seen significant increases in rental prices. Currently, the average price of an apartment in Lisbon is around 1,200 euros per month, while in Porto it is approximately 900 euros. This trend has led many tenants to look for more affordable options in nearby or less well-known areas.
In terms of legislation, Portugal has a fairly stringent legal framework to protect tenants. The Rent Law establishes rights and obligations for both parties. For example, the rental contract must be formalized in writing, and any rent increase must be notified in advance. Additionally, since 2020, landlords cannot evict tenants without just cause, which provides greater security for renters.
On the other hand, despite these protections, tenants face challenges such as increasing competition and limited access to properties in good condition. Many of the available rentals are short-term, aimed at tourists, which reduces the supply for those seeking permanent residences.
Regarding property searches, there are several digital platforms that facilitate the process, although it is advisable to use reliable real estate agencies to avoid fraud. When visiting properties, it is recommended to assess the general condition of the home and verify that all services are functioning correctly.
Additionally, it is essential to consider the terms of the contract. Many landlords require one month’s rent to be paid in advance, as well as a deposit that is usually equivalent to one or two months’ rent. It is also common for clauses to be included that establish the minimum duration of the contract, which can vary between six months and one year.
Finally, those considering moving to Portugal should be aware of the factors that influence the quality of life in different regions. While Lisbon is known for its vibrant cultural life and growing job market, places like the Algarve offer tranquility and a privileged natural environment, another attraction for many tenants.
In summary, renting in Portugal presents both opportunities and challenges. With a proper understanding of the market and local legislation, tenants can successfully navigate this constantly evolving landscape.
via: MiMub in Spanish
