According to a report by idealista/news, around 14% of the homes purchased in February were on the market for less than a week. 15% were on the market between two weeks and a month, 25% between one and three months, 33% between three months and a year and 13% for more than a year.

Where sells fastest?

Analysing “express sales” – that is, houses that sell in less than a week – by district capitals, it is clear that Faro and Funchal have the highest percentage (24% in both cities). Porto (19%), Évora (18%), Setúbal and Coimbra (14% in both cities) follow. Below the national average (14%), are Leiria (12%), Braga, Aveiro, Lisbon, Castelo Branco (10% in the four district capitals), Vila Real (9%) and Santarém (9%).

The district capital where there were fewer “express sales” of houses is Beja, where only 3% of transactions took place in less than seven days in February. Next comes Ponta Delgada (6%), Viseu (6%), Viana do Castelo (6%), Bragança (8%) and Guarda (8%).