Urban building rents are expected to rise by up to 2.2% in 2026. This is also confirmed by the latest data from the National Institute of Statistics (INE), which confirms that the average inflation rate for the last 12 months without housing, which serves as a basis for rent adjustments, was 2.16% in July.

It is worth noting that the annual rent adjustment coefficient to be taken into account will be that of August, which the INE will release in September, but the July figure is unlikely to change significantly.

According to Jornal de Negócios, the rate, currently at 2.16%, has been decelerating in recent months and is expected to continue on this trajectory.

Quoted by the publication, economist João Queiroz, head of negotiations at Banco Carregosa, says that this indicator "has some structural inertia, given that it changes little from one month to the next. Barring an unexpected statistical surprise, the final published value should be very close to the level already observed," that is, 2.16%, he adds.

The coefficient determined by the INE (in September) should apply to all contracts in effect for more than a year—including old leases, prior to 1990, that were not transferred to the New Urban Leasing Regime (NRAU)—and that do not provide for another rent adjustment mechanism. The prevailing decision is the will of the parties, duly recorded in the lease agreement. This means that adjusting the rent for inflation is not mandatory.