Portugal has lack of quality property offer says Quintela + Penalva | Knight Frank

Quintela + Penalva | Knight Frank, through its partner Knight Frank in London, says in its latest report Prime Rental Index that the luxury rental market worldwide posted a solid recovery in the second quarter of 2025.

However, Portugal is suffering from a lack of supply to take advantage of this rebound.

Francisco Quintela, founding partner of Quintela + Penalva | Knight Frank says that “not only has the demand for high quality houses for rent grown, but the price of those that are available has also increased”.

The issue, as far as cities like Lisbon or Porto are concerned, he stresses, “is the lack of high-quality product supply and the low investment that real estate developers still make when it comes to building for rent. However, I believe that in the very near future we will see the construction of quality buildings for the rental market.”

Francisco Quintela (L) and Carlos Penalva (R)