Estimated rental yields in Portugal, by municipality
Estimate · Estimated gross rental yield (GableIndex calculation; modified data). Before costs, taxes and vacancy; indicative only.
247 municipalitys in Portugal, rents and prices 2026Q1. Median estimated gross yield: 5.23%.
| Municipality | Est. gross yield | Rent €/m²/month | Price €/m² |
|---|---|---|---|
| Vila Nova de Paiva | 11.75% | 3.33 | 340 |
| São João da Pesqueira | 11.60% | 4.31 | 446 |
| Manteigas | 10.98% | 3.88 | 424 |
| Vila Velha de Ródão | 10.94% | 3.60 | 395 |
| Vouzela | 10.92% | 5.69 | 625 |
| Penalva do Castelo | 10.49% | 3.75 | 429 |
| Penamacor | 10.12% | 3.33 | 395 |
| Pedrógão Grande | 10.08% | 4.84 | 576 |
| Aljustrel | 10.02% | 7.43 | 890 |
| Mogadouro | 9.84% | 2.92 | 356 |
| Figueiró dos Vinhos | 9.77% | 4.52 | 555 |
| Cinfães | 9.74% | 4.13 | 509 |
| Torre de Moncorvo | 9.48% | 3.54 | 448 |
| Almeida | 9.44% | 2.69 | 342 |
| Idanha-a-Nova | 9.41% | 3.23 | 412 |
| Sabugal | 9.25% | 3.29 | 427 |
| Alijó | 8.85% | 3.48 | 472 |
| Penacova | 8.83% | 4.38 | 595 |
| Miranda do Douro | 8.83% | 3.51 | 477 |
| Penela | 8.79% | 5.45 | 744 |
| Castanheira de Pêra | 8.75% | 4.44 | 609 |
| Pinhel | 8.56% | 3.06 | 429 |
| Vila Nova de Foz Côa | 8.51% | 3.00 | 423 |
| Aguiar da Beira | 8.46% | 3.34 | 474 |
| Tondela | 8.39% | 5.66 | 810 |
| Belmonte | 8.38% | 3.49 | 500 |
| Gouveia | 8.34% | 3.65 | 525 |
| Miranda do Corvo | 8.31% | 6.25 | 903 |
| Castro Daire | 8.25% | 4.48 | 652 |
| Ansião | 8.10% | 4.91 | 727 |
| Serpa | 8.10% | 4.47 | 662 |
| Carregal do Sal | 8.07% | 4.69 | 697 |
| Arganil | 7.94% | 4.53 | 685 |
| Proença-a-Nova | 7.93% | 3.86 | 584 |
| Alvaiázere | 7.93% | 4.30 | 651 |
| Anadia | 7.91% | 6.20 | 941 |
| Trancoso | 7.88% | 3.23 | 492 |
| Mêda | 7.82% | 2.68 | 411 |
| Moimenta da Beira | 7.69% | 3.66 | 571 |
| Celorico da Beira | 7.63% | 3.16 | 497 |
| Soure | 7.57% | 5.58 | 884 |
| Ferreira do Zêzere | 7.45% | 5.48 | 883 |
| Alcanena | 7.44% | 4.83 | 779 |
| Santa Comba Dão | 7.43% | 4.75 | 767 |
| Ferreira do Alentejo | 7.29% | 5.11 | 841 |
| Fundão | 7.26% | 4.86 | 803 |
| São Pedro do Sul | 7.26% | 5.87 | 970 |
| Tábua | 7.25% | 4.64 | 768 |
| Seia | 7.19% | 4.24 | 708 |
| Oliveira do Hospital | 7.17% | 4.46 | 746 |
| Abrantes | 7.16% | 5.82 | 975 |
| Sines | 7.11% | 14.65 | 2,473 |
| Mortágua | 7.09% | 4.36 | 738 |
| Sever do Vouga | 7.08% | 4.64 | 786 |
| Estremoz | 7.06% | 4.96 | 843 |
| Mangualde | 7.04% | 4.73 | 806 |
| Paredes de Coura | 7.03% | 4.55 | 777 |
| Nelas | 6.98% | 4.58 | 787 |
| Cuba | 6.78% | 3.91 | 692 |
| Melgaço | 6.75% | 4.13 | 734 |
| Moura | 6.68% | 4.41 | 792 |
| Tomar | 6.68% | 7.15 | 1,285 |
| Torres Novas | 6.66% | 6.65 | 1,199 |
| Montemor-o-Velho | 6.65% | 6.33 | 1,142 |
| Arcos de Valdevez | 6.63% | 5.05 | 914 |
| Ponte de Sor | 6.55% | 5.24 | 960 |
| Covilhã | 6.55% | 6.09 | 1,116 |
| Constância | 6.51% | 5.60 | 1,032 |
| Monção | 6.49% | 6.47 | 1,197 |
| Velas | 6.45% | 5.93 | 1,103 |
| Beja | 6.44% | 6.72 | 1,252 |
| Cantanhede | 6.44% | 5.90 | 1,100 |
| Guarda | 6.40% | 5.09 | 955 |
| Valpaços | 6.37% | 3.63 | 684 |
| Almodôvar | 6.30% | 5.14 | 979 |
| Oliveira de Frades | 6.25% | 5.04 | 968 |
| Castelo Branco | 6.25% | 5.34 | 1,026 |
| Arouca | 6.18% | 5.21 | 1,012 |
| Castro Verde | 6.17% | 5.63 | 1,095 |
| Vieira do Minho | 6.12% | 5.83 | 1,144 |
| Ourém | 6.10% | 6.85 | 1,348 |
| Sátão | 6.09% | 3.63 | 715 |
| Reguengos de Monsaraz | 6.08% | 5.57 | 1,100 |
| Elvas | 6.06% | 4.74 | 938 |
| Campo Maior | 6.06% | 3.52 | 697 |
| Lamego | 6.03% | 4.89 | 973 |
| Vila Flor | 5.94% | 2.41 | 487 |
| Vila da Praia da Vitória | 5.92% | 6.66 | 1,349 |
| Vila Viçosa | 5.89% | 4.11 | 838 |
| Estarreja | 5.88% | 6.11 | 1,248 |
| Vila Pouca de Aguiar | 5.87% | 3.91 | 800 |
| Sertã | 5.85% | 4.46 | 915 |
| Santarém | 5.84% | 7.27 | 1,495 |
| Monchique | 5.77% | 7.87 | 1,637 |
| Albergaria-a-Velha | 5.74% | 6.49 | 1,357 |
| Baião | 5.71% | 4.00 | 841 |
| Marvão | 5.71% | 3.11 | 654 |
| Madalena | 5.70% | 5.31 | 1,118 |
| Vila Nova de Poiares | 5.67% | 4.87 | 1,031 |
| Sousel | 5.62% | 3.13 | 668 |
| Chamusca | 5.61% | 4.25 | 909 |
| Valença | 5.58% | 5.49 | 1,181 |
| Redondo | 5.57% | 4.27 | 920 |
| Santiago do Cacém | 5.52% | 9.28 | 2,019 |
| Batalha | 5.50% | 6.36 | 1,387 |
| Mealhada | 5.48% | 5.17 | 1,132 |
| Rio Maior | 5.46% | 5.82 | 1,278 |
| Águeda | 5.45% | 6.20 | 1,366 |
| Pombal | 5.42% | 5.56 | 1,230 |
| Porto de Mós | 5.42% | 5.57 | 1,233 |
| Portalegre | 5.39% | 4.89 | 1,088 |
| Alenquer | 5.38% | 8.65 | 1,928 |
| Vila Nova de Cerveira | 5.38% | 4.92 | 1,097 |
| Chaves | 5.37% | 5.30 | 1,184 |
| Figueira da Foz | 5.37% | 8.00 | 1,789 |
| Oliveira do Bairro | 5.36% | 6.07 | 1,358 |
| Angra do Heroísmo | 5.29% | 5.80 | 1,316 |
| Almeirim | 5.28% | 6.70 | 1,522 |
| Arronches | 5.27% | 3.70 | 842 |
| Marinha Grande | 5.26% | 6.41 | 1,462 |
| Coruche | 5.26% | 6.06 | 1,383 |
| Macedo de Cavaleiros | 5.26% | 3.50 | 799 |
| Cabeceiras de Basto | 5.25% | 3.91 | 893 |
| Peso da Régua | 5.23% | 4.88 | 1,119 |
| Vale de Cambra | 5.21% | 5.72 | 1,318 |
| Murtosa | 5.21% | 6.10 | 1,406 |
| Castelo de Paiva | 5.21% | 4.13 | 952 |
| Tarouca | 5.20% | 3.25 | 750 |
| Entroncamento | 5.18% | 7.10 | 1,646 |
| Barreiro | 5.11% | 11.52 | 2,705 |
| Moita | 5.08% | 10.04 | 2,371 |
| Coimbra | 5.08% | 9.35 | 2,210 |
| Bombarral | 5.06% | 6.67 | 1,582 |
| Viseu | 5.06% | 6.72 | 1,595 |
| Setúbal | 5.05% | 11.11 | 2,638 |
| Vendas Novas | 5.03% | 6.90 | 1,646 |
| Cadaval | 5.03% | 6.00 | 1,432 |
| Vila Nova de Gaia | 5.00% | 10.77 | 2,583 |
| Ponte de Lima | 4.97% | 6.00 | 1,450 |
| Grândola | 4.96% | 10.48 | 2,533 |
| Amadora | 4.96% | 13.00 | 3,143 |
| Viana do Castelo | 4.96% | 7.67 | 1,857 |
| Mira | 4.95% | 6.25 | 1,515 |
| Lagoa (R.A.A.) | 4.95% | 7.26 | 1,761 |
| Almada | 4.93% | 13.43 | 3,267 |
| Bragança | 4.92% | 4.74 | 1,157 |
| Funchal | 4.91% | 13.60 | 3,322 |
| Palmela | 4.91% | 9.72 | 2,375 |
| Braga | 4.90% | 8.57 | 2,100 |
| Leiria | 4.89% | 7.84 | 1,922 |
| Azambuja | 4.89% | 7.75 | 1,902 |
| Santa Cruz | 4.89% | 10.66 | 2,617 |
| Porto | 4.89% | 14.29 | 3,510 |
| Alcácer do Sal | 4.86% | 7.83 | 1,932 |
| Montemor-o-Novo | 4.85% | 5.80 | 1,436 |
| Aveiro | 4.84% | 9.40 | 2,329 |
| Oliveira de Azeméis | 4.84% | 5.69 | 1,412 |
| Caminha | 4.82% | 6.61 | 1,646 |
| Seixal | 4.82% | 11.24 | 2,800 |
| Ovar | 4.82% | 7.37 | 1,836 |
| Trofa | 4.81% | 7.40 | 1,847 |
| Mora | 4.80% | 4.16 | 1,041 |
| Matosinhos | 4.79% | 12.20 | 3,058 |
| Caldas da Rainha | 4.76% | 8.30 | 2,092 |
| Celorico de Basto | 4.75% | 3.51 | 886 |
| Gondomar | 4.75% | 8.82 | 2,227 |
| Vila Verde | 4.74% | 5.95 | 1,506 |
| Sobral de Monte Agraço | 4.74% | 7.36 | 1,865 |
| Amares | 4.74% | 6.18 | 1,566 |
| Maia | 4.73% | 9.71 | 2,462 |
| Ponta Delgada | 4.72% | 7.93 | 2,017 |
| Santa Maria da Feira | 4.68% | 6.63 | 1,700 |
| Barcelos | 4.68% | 6.54 | 1,678 |
| Arraiolos | 4.67% | 5.00 | 1,286 |
| Amarante | 4.66% | 4.63 | 1,192 |
| São João da Madeira | 4.66% | 7.13 | 1,836 |
| Sintra | 4.65% | 11.28 | 2,908 |
| Condeixa-a-Nova | 4.65% | 6.29 | 1,622 |
| Penafiel | 4.64% | 5.62 | 1,455 |
| Alcobaça | 4.63% | 6.98 | 1,808 |
| Golegã | 4.63% | 4.87 | 1,263 |
| Cartaxo | 4.62% | 5.98 | 1,553 |
| Mirandela | 4.62% | 4.01 | 1,042 |
| Montijo | 4.61% | 10.02 | 2,608 |
| Guimarães | 4.60% | 6.65 | 1,733 |
| Vila Real | 4.60% | 6.10 | 1,591 |
| Vila Nova da Barquinha | 4.59% | 5.41 | 1,415 |
| Vila Franca de Xira | 4.58% | 10.77 | 2,822 |
| Paços de Ferreira | 4.57% | 5.61 | 1,472 |
| Lousã | 4.57% | 5.37 | 1,411 |
| Vila Nova de Famalicão | 4.56% | 6.82 | 1,795 |
| Évora | 4.55% | 8.55 | 2,255 |
| Vizela | 4.54% | 5.83 | 1,540 |
| Benavente | 4.52% | 7.77 | 2,063 |
| Torres Vedras | 4.51% | 8.61 | 2,292 |
| Póvoa de Varzim | 4.49% | 8.78 | 2,345 |
| Valongo | 4.49% | 8.24 | 2,204 |
| Póvoa de Lanhoso | 4.48% | 5.00 | 1,339 |
| Vila do Conde | 4.48% | 8.44 | 2,262 |
| Felgueiras | 4.48% | 4.48 | 1,201 |
| Viana do Alentejo | 4.47% | 3.94 | 1,058 |
| Portimão | 4.46% | 11.62 | 3,125 |
| Loures | 4.43% | 11.79 | 3,191 |
| Odivelas | 4.42% | 12.75 | 3,462 |
| Nazaré | 4.42% | 8.92 | 2,424 |
| Alpiarça | 4.40% | 4.73 | 1,291 |
| Ílhavo | 4.39% | 8.22 | 2,248 |
| Mafra | 4.38% | 10.74 | 2,942 |
| Óbidos | 4.37% | 8.16 | 2,242 |
| Ribeira Grande | 4.36% | 5.69 | 1,565 |
| Tavira | 4.35% | 11.42 | 3,152 |
| Albufeira | 4.34% | 12.14 | 3,354 |
| Espinho | 4.34% | 10.04 | 2,776 |
| Lousada | 4.34% | 4.87 | 1,348 |
| Fafe | 4.33% | 4.70 | 1,303 |
| Arruda dos Vinhos | 4.31% | 7.77 | 2,161 |
| Oeiras | 4.31% | 15.42 | 4,297 |
| Marco de Canaveses | 4.30% | 4.90 | 1,366 |
| Ponte da Barca | 4.30% | 4.44 | 1,239 |
| Santo Tirso | 4.30% | 6.09 | 1,700 |
| Vagos | 4.29% | 6.13 | 1,715 |
| Calheta (R.A.M.) | 4.27% | 6.13 | 1,722 |
| Esposende | 4.26% | 7.64 | 2,152 |
| Lourinhã | 4.25% | 7.19 | 2,030 |
| Paredes | 4.24% | 5.80 | 1,643 |
| Cascais | 4.22% | 16.50 | 4,687 |
| Peniche | 4.21% | 7.78 | 2,219 |
| Alcochete | 4.20% | 10.08 | 2,883 |
| Odemira | 4.17% | 6.25 | 1,799 |
| Silves | 4.15% | 9.73 | 2,815 |
| Sesimbra | 4.12% | 9.99 | 2,909 |
| Borba | 4.12% | 3.17 | 924 |
| Machico | 4.08% | 6.89 | 2,027 |
| Lisboa | 4.07% | 17.22 | 5,082 |
| Horta | 4.03% | 4.56 | 1,359 |
| Salvaterra de Magos | 4.01% | 5.97 | 1,787 |
| Castro Marim | 3.92% | 8.30 | 2,542 |
| Vila Real de Santo António | 3.87% | 9.68 | 3,001 |
| Câmara de Lobos | 3.84% | 8.00 | 2,500 |
| Olhão | 3.81% | 8.65 | 2,725 |
| Faro | 3.76% | 9.80 | 3,125 |
| Lagos | 3.74% | 12.00 | 3,855 |
| Lagoa | 3.73% | 10.00 | 3,220 |
| Loulé | 3.54% | 12.06 | 4,091 |
| São Brás de Alportel | 3.49% | 6.92 | 2,381 |
| Vila do Bispo | 3.42% | 9.23 | 3,236 |
| Aljezur | 3.12% | 8.42 | 3,240 |
How this is calculated
INE median rent of new leases (€/m², last 12 months) × 12 ÷ INE median sale price (€/m², last 12 months), same municipality and same quarter.
Sources
- INE 0014696 rents · CC BY 4.0 · period: 2026Q1
- INE 0012234 prices · CC BY 4.0 · period: 2026Q1
Estimate, not an offer or a forecast. Gross yields are before costs, taxes, vacancies and financing, and rents and prices come from different sources and samples. Areas are averages: a specific property can differ a lot. Information only, not a recommendation.
All estimated rental yields · Methodology
Source: INE 0014696 rents (CC BY 4.0); INE 0012234 prices (CC BY 4.0). As of: 2026-10-14.
Source: Instituto Nacional de Estatística – Portugal (Statistics Portugal), indicators 0014696 (median rent €/m², new leases, last 12 months) and 0012234 (median sale price €/m², last 12 months); reference period as shown. Modified by GableIndex (estimated gross yield).
Source: Instituto Nacional de Estatística – Portugal (Statistics Portugal), indicators 0014696 (median rent €/m², new leases, last 12 months) and 0012234 (median sale price €/m², last 12 months); reference period as shown. Modified by GableIndex (estimated gross yield).