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In the lettings market, demand continued to increase, as did new landlord instructions. Lettings anticipations recorded a clear rise and remains firmly inside a positive stance. Rents remained negative, having a reading consistent with falling rental levels. Rental expectations, whilst still falling, accomplished it at a much slower rate in December. Indeed, outside Lisbon rental expectations are broadly stable (in Porto and Algarve), indicating that it is a regional instead of a national trend. Lettings are also the highest in Porto as well as the Algarve. The fall of rent in certain areas could possibly be reflecting too much rental stock on the market but there is also proof a mismatch relating to the kind of property offered, and that widely used.
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