A recent study conducted by Imovirtual has unveiled stark disparities between expected rental and buying prices for houses. Renting a house has proven to be a whopping 91% more
expensive than the prices individuals are seeking, while the cost of purchasing a house surpasses anticipated values by 72%.
The study further elaborates that the average cost of renting a house stands at 1,653 euros, significantly contrasting with the average sought value of 866 euros by individuals. Imovirtual highlights the pronounced contrast in rental demand and supply, particularly evident in the Lisbon district and the luxury property segment, both contributing to this considerable differential.
The findings extend to the realm of house sales, where a parallel scenario unfolds. House prices surge by 72% compared to people's intended payment values. Over the past three months, the national average for house purchases rests at 414,928 euros, juxtaposed with individuals' pursuit of homes valued at an average of 241,082 euros.