Homes available for sale down 13%

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Homes available for sale in Portugal fell in 16 district capitals.

The increase in demand for real estate in Portugal led to a 13% drop in the stock available for sale in the first quarter of 2022, compared to what was available in the same period of 2021, according to a study by idealista.

Data from the idealista study allow us to conclude that the supply of housing for sale in Portugal fell in 16 district capitals, between the first three months of 2022 and the same period last year. At the top of the list is Coimbra (-34%), followed by Leiria (-25%), Braga and Setúbal (-20% in both cities). These are therefore the four district capitals where the stock available to buy a house has fallen the most.

Next come 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 drop in supply was 2% and in Santarém, 1%.

On the other hand, Vila Real is the district capital where supply has increased the most (28%), followed by Castelo Branco (7%). These are the only two cities analyzed where the supply of houses for sale has increased.

If you are interested in buying a property in Portugal, check out over 40,000 listings at www.propertiesinportugal.com

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