offer drops 19% in 2022 — idealista/news
The year 2022 was marked by the rise in adults in portugalas well as the increase in interest rates in the mortgage loans. This context, along with the increase in construction costs aggravated by the war, led to the review of contract budgets and the delay in placing more houses on the market. On the other hand, even with the home loan interest climbing and housing registering higher prices, families continued to buy a house, albeit more cautiously. This whole scenario makes the house search in our country exceeds supply, which translates into a 19% drop in the Portuguese housing stock for sale in the fourth quarter of 2022, compared to what was available in the same period of 2021, according to a study by idealista, the main real estate marketplace in southern Europe.
Houses for sale: offer drops in 17 district capitals
AN offer of housing for sale in Portugal went down in 17 district capitals in the last year. Leading the list is Porto (-38%), followed by Guarda (-32%), Lisbon (-31%) and Faro (-30%). These were the district capitals where there is stock available for buy a house more went down. Beja (-29%), Viana do Castelo (-29%), Vila Real (-28%), Coimbra (-18%), Viseu (-17%), Funchal (-17%), Braga ( -13%), Aveiro (-13%), Ponta Delgada (-10%), Santarém (-10%), Setúbal (-3%), Castelo Branco (-3%) and Leiria (-2%).
Only in three district capitals was there an increase in offer of houses available for purchase between the last quarter of 2021 and the same period of 2022: Bragança, was the city where the supply grew the most (42%), followed by Évora (21%) and Portalegre (1%).
Home supply drops in almost all districts and islands
Analyzing the 18 districts and two Portuguese islands, it is clear that the offer of houses for sale dropped in 17 territories. Leading the downhill 2022 home inventory is Faro (-34%), followed by Lisbon (-21%). Right after that are Beja, Coimbra and the island of Madeira (the three with -20%), Porto (-18%), Viana do Castelo (-15%), Leiria (-15%), Vila Real (-13% ), Aveiro (-12%), Viseu (-11%), Braga (-11%), Santarém (-9%), Évora (-9%), São Miguel island (-8%), Setúbal (- 8%) and Portalegre (-5%).
In the district of Bragança, the stock of Houses for sale rose 27% in the last year, followed by Guarda (13%) and Castelo Branco (1%). These were the only districts in the country where offer of houses available to buy increased in 2022.