Lisbon 25th of April Bridge – Architect Eiffel

It was published today a study that says the amount of Portuguese persons looking for a long term rental is the same as the amount of Portuguese looking to buy their own home. Usually by tradition the demand for home purchase have been always higher then the demand for long term rentals. This is good news for current Property Owners who are looking for to find a tenant for their investments.

According to the study from APEMIP (Associattion for Real Estate Professionals in Portugal) 44% of Property owners take 1-3 month to find a tenant for their properties and 39% from 4-6 month. Remaining 17% take over 6 month to find a proper tenant for their properties.

In regards to demand on rentals, 44,6% Real Estate Professionals claim that demand for rentals increased, 33,9% maintained and 19,6% that decreased the demand in the past month. In general looking at the numbers the current trend is to see a higher number of customers for long term rentals.

For those investors who want to maximize the most the return of their investments by rentals, it is clearly noted that demand for rentals is increasing and the amount of time required to find a tenant is also getting shorter.