Thursday, October 9, 2014

Rent house in continental Portugal is now 14% cheaper … – Reuters

Rent house in continental Portugal is now 14% cheaper … – Reuters

The ICi shows that was between the 3rd quarter of 2012 and the 1st quarter of 2013 which saw a greater reduction in rents contracted period that coincided with the entry into force of the new regime of urban rental.

The Real Estate Confidential explains in a statement that this period contracted rents fell 6%. The index shows that after a cycle of adjustment in rents for new leases, these stabilized in the 2nd quarter of this year, registering an annual increase of 0.5%.

The data indicate ICi which was in Lisbon, where rents are higher, the adjustment was more pronounced, reaching a decline of 19.3% since 2010 in the case of capital, the stabilization of rents in evolution began in Q3 2013, accumulating since a recovery of 1.4%.

The ICi accompanies the value of new leases concluded in mainland Portugal, reflecting the evolution of rents in the free market income over time.

Residential Income Index today presented and published by Real Estate Confidential was based on the Residential Information System (CRS), which gathers information about 18 000 contracts annually reported for this system by the major networks . Realtor to work in Portugal

In addition, with the support of Lisbonense Owners Association and IHRU – Institute for Housing and Urban Renewal, which reports to the SIR information of contracts that are subject . the support under the Program Port 65

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