The increase in demand for property in Portugal has led to a 13% drop in the stock available for sale in the first quarter of 2022, compared to what was available in the same period of 2021, according to a study by idealista.

Data from the idealista study allow us to conclude that the offer of housing for sale in Portugal dropped in 16 district capitals, between the first three months of 2022 and the same period last year. Leading the list is Coimbra (-34%), followed by Leiria (-25%), Braga and Setúbal (-20% in both cities). These are, therefore, the four district capitals where stock available to buy a house has dropped the most.

Next in the hierarchy are Faro (-19%), Évora (-19%), Viana do Castelo (-13%), Lisbon (-12%), Porto (-12%), Aveiro (-11%), Ponta Delgada (-11%), Viseu (-10%), Beja (-9%) and Funchal (-3%). In Bragança, the drop in supply was 2% and in Santarém, 1%.

On the other hand, Vila Real was the district capital where the offer grew the most (28%), followed by Castelo Branco (7%). These were, moreover, the only two cities analysed where the offer of houses for sale increased.

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