Portugal Real Estate Market Sees 11% Increase in Houses for Sale in Q1 2024
Discover the latest data from idealista showing an 11% rise in available housing stock in Portugal compared to Q1 2023. Explore the opportunities in the booming real estate market.
The housing market in Portugal saw a significant increase in available properties for sale in the first quarter of 2024, with an 11% rise compared to the same period in 2023, according to data from idealista. This surge in supply was observed in 13 district capitals across the country, with Vila Real leading the pack with a 70% increase, followed by Guarda (65%), Viseu (45%), and Leiria (30%). Other notable districts where the housing stock available for purchase has grown include Beja (24%), Viana do Castelo (24%), Bragança (21%), Évora (16%), Castelo Branco (15%), Setúbal (13%), Coimbra (8%), Lisbon (6%), and Porto (3%).
Conversely, some cities experienced a decrease in available housing stock, with Portalegre seeing the most significant drop at -15%, followed by Braga (-9%), Funchal (-7%), Aveiro (-5%), Santarém (-4%), Faro (-4%), and Ponta Delgada (-3%).
The housing market in Portugal is showing signs of growth and fluctuation in different regions, with some areas experiencing a rise in available properties while others see a decrease. This dynamic market trend highlights the importance of staying informed and making strategic decisions when it comes to buying and selling property in Portugal.
Portugal Real Estate Market Sees 11% Increase in Houses for Sale in Q1 2024
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