The offer of houses for sale in Portugal has dropped 23% in a year

Porto (-36%), Faro (-33%) and Lisbon (-31%) are among the cities where the supply of houses has fallen the most, says a study by idealista

The demand for houses to buy remains high in Portugal, even in a context of high inflation and rising interest on housing credit, which has shrunk the purchasing power of families. The most recent data from the national statistics institute (INE) reflect that: just between April and June of this year, 43.607 homes were transacted, translating into a growth of 4,5% compared to the same period in 2021. And this increase in house sales partly explains the decline in the supply of housing on the market, as well as the continued rise in prices. The stock of homes for sale in the country fell 23% between the third quarter of 2022 and the same period in 2021, points out a study by idealista, the main real estate Marketplace in southern Europe.

In which cities has the supply of homes for sale fallen the most?

The supply of housing for sale in Portugal fell in 18 district capitals in the last year. 

Although there are fewer homes to buy in most Portuguese district capitals, there have been cities that have bucked this trend. This was the case in Bragança, where, on the contrary, the supply of houses for sale rose by 22%. Santarém also saw the "stock" of houses for sale rise 5% in this period.

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