What city are houses rented out in less than 24 hours?

Funchal was the city where the percentage of rented houses in less than 24 hours was the highest.

According to data from Idealista, shared in Notícias ao Minuto, "Funchal" was the city where the percentage of houses rented in less than 24 hours was the highest, reaching 43% of the total operations.

According to the study, in general, about 10% of the houses advertised on the platform in the 4th quarter of 2024 were on the market for less than 24 hours.

"Still, the values ​​vary depending on the price range of houses, with 26% of houses in Portugal up to 750 euros/month being rented in less than 24 hours, 14% between 750 and 1,000 euros/month, 7% between 1,000 and 1,500 euros/month, and 5% cost more than 1,500 euros/month," as reported by Notícias ao Minuto.

By analyzing the nine district capitals with the most houses for rent available in the fourth quarter of last year, Funchal was the city where the percentage of rented houses in less than 24 hours was highest, reaching 43% of total operations.

Then, Coimbra (19%), Aveiro (19%), Setúbal (9%), Viana do Castelo (8%), Lisbon (8%), Porto (6%), Faro (5%) and Braga (5%).

"The most affordable rentals, with prices below 750 euros per month, account for a large part of the demand, thus marking the highest 'express rentals' rates. In Faro, all houses rented in the fourth quarter of 2024 for less than 750 euros/month were on the idealista database for less than a day. It is followed by Funchal, with a percentage of 50%, Coimbra (43%), Lisbon (40%), Porto (38%), Aveiro (33%), Braga (25%), Setúbal (20%) and Viana do Castelo (20%)," it can also be read.

In addition, "as price ranges increase, the percentage of 'express leasing' decreases, although in some markets this value remains relevant".

"In houses with prices between 750 and 1,000 euros, Funchal is once again the leader in 'express rentals', with all houses being rented in less than a day. Aveiro (20%), Lisbon (11%), Setúbal (8%), Coimbra (7%), and Porto (6%) follow," the news reads.

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