Housing supply in the Algarve fell by 20% in the last year

Housing supply in the Algarve fell by 20% in the last year

The Faro district saw the most significant national decrease, followed by Lisbon, Madeira Island and Beja.

According to a study by Idealista, the leading Marketplace in southern Europe, the housing stock in Faro decreased by 16%, making it the sixth district capital with the most significant national decrease.

The housing supply for sale in Portugal fell in 12 district capitals last year. Leading the list is Guarda (-39%), followed by Porto (-32%), Beja (-24%), Lisbon (-24%) and Vila Real (-24%) as the district capitals where housing stock for sale have fallen the most.

Housing supply also fell in Funchal (-16%), Faro (-16%), Viana do Castelo (-8%), Viseu (-7%), Santarém (-6%), Portalegre (-3%) and Aveiro (-3%). In Ponta Delgada, the supply of houses for sale remained stable.

On the other hand, Évora was the city where the supply grew the most (60%), followed by Braga (30%), Bragança (23%), Leiria (22%), Castelo Branco (3%), Coimbra (3%) and Setúbal (2%), being the only cities analysed where the “stock” increased.

Analysed by district/islands, the ranking of decrease in supply during the last year is led by Faro (-20%), Lisbon (-11%), Madeira Island (-11%) and Beja (-10%).

This is followed by Coimbra (-10%), Porto (-8%), Viana do Castelo (-8%), Portalegre (-6%), Vila Real (-5%), Viseu (-5%), São Miguel Island (-5%), Aveiro (-4%), Santarém (-3%) and Guarda (-1%).

In the district of Bragança, the “stock” of houses for sale in the last year rose 17%, followed by Braga (13%), Setúbal (6%), Évora (5%), Castelo Branco (3%) and Leiria (2%).