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In the lettings market, demand continued to rise, as did new landlord instructions. Lettings anticipations recorded a clear, crisp rise and remains firmly in a very positive stance. Rents remained negative, which has a reading in line with falling rental levels. Rental expectations, whilst still falling, managed it at a much slower rate in December. Indeed, outside Lisbon rental expectations are broadly stable (in Porto and Algarve), indicating that it’s a regional as opposed to a national trend. Lettings are also the highest in Porto as well as the Algarve. The fall of rent in a few areas may be reflecting an excessive amount of rental stock out there there is additionally evidence of a mismatch involving the form of property offered, which widely used.

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