Buying a house in Portugal is becoming more and more expensive. In parallel, many houses continue to be sold in the country. The increase in demand in recent times has caused a drop of 13% in the stock of Portuguese properties available for sale in the first quarter of 2022, compared to what was available in the same period in 2021, according to a study by idealista. The most recent data confirms that the real estate sector in Portugal is booming.
Supply increased in only two cities
The data from the idealista study allows us to conclude that number of houses for sale in Portugal fell in 16 district capitals, between the first three months of 2022 and the same period in the previous year. Leading the list is Coimbra (-34%), followed by Leiria (-25%), Braga and Setúbal (-20% in both cities). These are, therefore, the four district capitals where stock available to buy a house decreased the most.
Next on the list are Faro (-19%), Évora (-19%), Viana do Castelo (-13%), Lisbon (-12%), Porto (-12%), Aveiro (-11%), Ponta Delgada (-11%), Viseu (-10%), Beja (-9%) and Funchal (-3%). In Bragança, the decrease in supply was 2% and in Santarém 1%.
On the other hand, Vila Real was the district capital where the number of properties for sale grew most (28%), followed by Castelo Branco (7%). These were, in fact, the only two cities analysed where the supply of houses for sale increased.
The variation of housing supply in Portugal's district capitals
In which Portuguese districts did the supply decrease the most?
With regard to the districts and Portuguese islands, the ranking of the decline in supply is led by the districts of Faro (-25%), Leiria (-19%) and Coimbra (-18%). Next on the list, in this order, are Lisbon (-16%), Porto (-12%), Santarém (-12%), Setúbal (-12%), Bragança (-9%) and Braga (-8%).
Where did supply drop the least?
The smallest drops in the number of properties for sale were observed in Aveiro (-7%), in the Azores island of São Miguel (-6%), in Madeira (-5%), Beja (-3%) and Évora (-1%).
In the opposite direction, the district of Vila Real saw its stock rise 18% in the last year. The same happened in Viseu (12%), Castelo Branco (11%) and Viana do Castelo (1%).
The variation of housing supply in Portugal's districts/islands
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