Sorello Guides

What renting in Portugalete costs, on the record

No comparable earlier reference is published for this municipality, so no five-year change is shown. Portugalete rents at a reference of 10,16 €/m², high enough that a single square metre of difference in the contract is worth arguing about. It rests on 1.148 declared leases.

Rents declared on income-tax returns for main-residence leases, not asking prices. They lag the market and exclude holiday lets.

Put beside its neighbours

Judged only against Bizkaia, the lower-quartile rent per square metre here is the sixth lowest in the guide.

Nationally, that reference rent per square metre falls in the third-dearest twentieth.

On median floor area of a let flat it is the second lowest of the Bizkaia municipalities this guide covers.

In context

Country-wide, that share of dwellings that are not a main residence is one of the second-cheapest twentieth.

Compared with the rest of Bizkaia in this guide, it sits fifth lowest on median declared monthly rent.

Against every municipality in this guide, its upper-quartile rent per square metre lands in the seventeenth twentieth from the bottom.

How it ranks

Line the Bizkaia municipalities in this guide up by population and this one is the fifth highest.

Against every municipality in this guide, its number of declared leases lands in the eighth twentieth from the bottom.

Testing a quote against the declared figures

696,42 € a month is the median declared rent in Portugalete, above the national middle.

A median floor area of 66,80 m² makes Portugalete a market of compact flats.

What the reference implies for a flat of a given size, per month
Floor areaAt the lower quartileAt the medianAt the upper quartile
55 m²483 €559 €636 €
75 m²659 €762 €868 €
100 m²879 €1.016 €1.157 €

The floor areas are round illustrative sizes used to show the arithmetic, not measurements of any particular flat.

How much of the stock is rented

Only 8,83 % of Portugalete dwellings are not a main home, so almost nothing is competing with long leases.

The census publishes tenure only for the larger municipalities and the provincial capitals, so no rented share is available for Portugalete.

The reference figures, in a market that prices by size alone

8,79 €/m² to 11,57 €/m² is a very narrow spread: Portugalete prices by square metre and rewards little else.

The band from 8,79 €/m² to 11,57 €/m² is where most signed contracts sit, whatever the portals show.

Declared rents for flats: rent per square metre a month, unless stated
MeasureValue
Lower quartile8,79 €/m²
Median10,16 €/m²
Upper quartile11,57 €/m²
Median monthly rent696,42 €
Median floor area66,80 m²

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