According to data from idealista, over the past year, the gross profitability of buying a house and then renting it increased. At the end of 2023, this business yielded 7.3%, a value higher than the 6.3% recorded in the same period of 2022. Compared to the values recorded in the last quarter of 2021 (5.5%), gross housing profitability is higher at 1.7 p.p., shows the same data.
Analysing by district capital, it is in Santarém where it is most profitable to buy a house for investment, with a return of around 7.5%. Next are the cities of Coimbra (7%), Évora (6.9%), Leiria (6.9%), Setúbal (6.2%), Braga (5.9%) and Porto (5.9%). It should be noted that in these cities the investment risk is also greater.
On the other hand, the lowest housing profitability is obtained by owners of rented houses in Lisbon (4.6%), Faro (5.1%), Aveiro (5.5%) and Funchal (5.5%). But here, too, the investment risks are lower. For example, there is less risk of the house not being rented and of the property devaluing in the future.