A combination of rising construction costs and house prices
have helped to create a situation in Portugal of demand exceed supply for
property, and this translated into a 19% drop in housing stock available 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 supply of housing for sale in Portugal fell in 17
district capitals in the last year. Leading the list is Porto (-38%), followed
by Guarda (-32%), Lisbon (-31%), and Faro (-30%)., these are then followed by 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 the supply of houses available for purchase between the last quarter of 2021 and the same period of 2022: Bragança, was the city where the offer grew the most (42%), followed by Évora (21%) and Portalegre (1%).
The country is heading for disaster. Too many Golden Visas and second homes been sold to the rich & Brits. While we can not get on the property ladder because of dreadful wages & a completly inept Goverment.. Shameful. !!!!!!!!!
By J from Lisbon on 11 Jan 2023, 09:50
J, Portugal is already a joke; Portugal complains and begs the EU for more and more funding while never taking responsibility for its mismanagement. The Socialists have decided that it is simpler to let educated people leave the country and import cheap labour from outside Europe. Outdated tourism does not increase production nor bring wealth - only to those who rent out rooms and property and silly prices. Yes, salaries do need to increase in Portugal but so does production and a skilled population. The trend now is a rapidly ignorant population, skilled professionals leaving in droves and Portugal using climate change as its latest excuse. There will never be real change until there is real education and professional training and a serious clampdown on corruption. Until then, the Portuguese will continue living as sheep.
By K from Other on 11 Jan 2023, 13:30
To J & K (sounds like the MIB :) ), you are both right.
The issues I see:
-Left parties
-the general attempt in life . For Portuguese its hang loose rather than lets spit in our hand and work
-Golden Visa
-Mass tourism(never good)
-Geolocation is quite far away from Europe
I cant tell the people what they have to do, but if it would be me I would tackle the above points.
By F from Other on 11 Jan 2023, 16:04
And with 750 000 empty properties across portugal going derelict because of stupidity rules when someone dies and leaves a property without a will.
By Karl blore from Algarve on 11 Jan 2023, 17:52
If we are sheep in Portugal what do you call your folk in the UK? Obese and prejudice don't count.
By Nuno from Lisbon on 11 Jan 2023, 22:17