Recent data by Idealista reveal a shocking surge in housing costs that threatens to displace long-time residents and shut out newcomers.

As of June 2024, average rental prices have skyrocketed to €8.4 per square meter, following a sharp 3.1% increase in just the first half of the year.

Even more alarming, over the past five years, Santarém has witnessed a staggering 45.7% jump in rental costs, far outpacing wage growth and inflation.

The impact on families is severe.

A typical 2-bedroom apartment (70m²) now commands a rent of €588 per month, up from €403 five years ago - an increase of €185 monthly.

This dramatic rise is pushing many residents to the brink of financial ruin. This is no longer just a housing issue; it's a full-blown social and economic crisis.