Renting in the Algarve hits €20.8/m², up 15.2% in a year
Renting a home in the Algarve cost €20.8 per square metre in September, up 15.2% on the same month last year — the largest regional rise in the whole country — according to idealista's rental price index, leaving the Algarve Portugal's second most expensive region to rent behind the Lisbon metropolitan area (€22/m²). Within the region the picture is split: Portimão recorded the biggest annual jump (+26.8%, now the most expensive municipality at €20.3/m²) and Silves rose 4.8%, while Tavira (−23.3%), Faro (−12.6%) and Loulé (−2.3%) all fell. Nationally, rents rose 6.1% over the year to €18.3/m².