The gross profitability of the acquisition of lease in Portugal registered a decrease, setting at 6.9% in the third quarter of 2025.
This value represents a decrease of 0.3 percentage points compared to the same period of 2024, when the profitability was 7.2%, and a reduction of 0.5 pp compared to the third quarter of 2023, which recorded 7.4%.
Despite this fall, current profitability still exceeds 0.4 pp the 6.5% verified in 2020, according to data from the idealist.
When analyzed by districts and autonomous regions, Castelo Branco stands out as the most attractive place for housing investment, with a 9%gross profitability. Bragança occupies the second position with 8%, followed by Santarém (7.1%), Coimbra (6.7%), Leiria (6.5%), Viseu (5.8%), Porto (5.7%), Braga (5.5%), Aveiro (5.3%) and Setúbal (5.3%).
On the other hand, markets with lower profitability are in Lisbon, with only 4.6%, and in Funchal, with 4.8%.
The idealist’s analysis also covered other segments of the real estate market. The offices, for example, presented a profitability of 8%, while stores set at 8.1% and garages at 5.2%.
To perform this analysis, the idealist calculated the gross profitability by dividing the sales price for the lease requested by owners into different markets during the third quarter of 2025.