The Portuguese real estate supply increased by 11% in the beginning of 2024.
According to the National Statistics Institute (INE), the amount of real estate deals in Portugal dropped by 11.4% during the end of 2023. Consequently, such a decrease led to an increase in the supply of properties available in the beginning of 2024.
The most recent data available show that there are more properties available for sale in 13 of the 20 district capitals. Only 7 district capitals have fewer houses available for sale than they did in the previous year. Note that the data compare the numbers of the first trimester of 2023 with the numbers of the first trimester of 2024. The variations are as follows:
Vila Real (+70%), Guarda (+65%), Viseu (+45%), Leiria (+30%), Beja (+24%), Viana do Castelo (+24%), Bragança (+21%), Évora (+16%), Castelo Branco (+15%), Setúbal (+13%), Coimbra (+8%), Lisboa (+6%), Porto (+3%), Ponta Delgada (-3%), Faro (-4%), Santarém (-4%), Aveiro (-5%), Funchal (-7%), Braga (-9%), Portalegre (-15%).
When it comes to the districts as a whole, not just the capital cities, there are more properties available for sale in 18 of them. Out of the 20, only 2 have less properties available than they did last year. Note that the data compare the numbers of the first trimester of 2023 with the numbers of the first trimester of 2024. The variations are as follows:
Bragança (+34%), Vila Real (+31%), Viseu (+30%), Guarda (+24%), Viana do Castelo (+21%), Beja (+19%), Faro (+19%), Leiria (+18%), Castelo Branco (+16%), Évora (+14%), Porto (+13%), Setúbal (+13%), Lisboa (+7%), Aveiro (+5%), Coimbra (+5%), Portalegre (+4%), Santarém (+2%), Braga (+1%), São Miguel Island (-5%), Madeira Island (-7%).
