Lisbon ranks 3rd city in the world with the highest rental growth

Portugal news - Lisbon ranks 3rd city in the world with the highest prime rental value growth in 2024, according to the Savills Prime Residential Index. The chart shows the Top 10 cities with the highest prime rental value growth globally in 2024.

The cities with the strongest prime rental value growth for the first half of 2024 are Dubai, Bangkok, Lisbon and Athens. These markets have very strong lifestyle credentials and there is also an element of corporate relocations that is driving demand.

Prime residential rents grew by 2.2% across the 30 cities in the Savills World Cities Index for the first half of 2024. In a higher interest rate environment, prime rents are continuing to outperform capital values, while low levels of stock in many locations combined with higher numbers of would-be buyers are driving the trend in many prime rental markets.

The outlook for the real-estate market is that prime rental value growth will continue to outperform capital values for the remainder of 2024. In the medium term, supply continues to remain scarce in many world cities and high interest rates are continuing to contribute to caution in the sales markets and are pushing more would-be buyers into the prime rental markets.  

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