Home sales in Portugal continued to fall at the start of 2024, despite interest rates on housing loans falling for several months. This lower demand for homes for sale in the country is having an impact on price developments, which have been rising more slowly. It has also been reflected in the increase in the supply of homes available to buy.

According to idealista data, at the beginning of 2024, the supply of housing for sale in Portugal rose in 13 of the 20 district capitals (with available data) between the second quarter and the same period of the previous year.

Leading the list are Vila Real (43%), Leiria (33%), Viseu (30%), and Beja (29%), being the district capitals where the stock available to buy a house increased the most in this period. The supply of houses to buy also rose in Castelo Branco (17%), Ponta Delgada (16%), Setúbal (12%), Lisbon (11%), Bragança (11%), Porto (11%), Braga (7 %), Santarém (6%) and Guarda (1%).

On the other hand, Portalegre was the city where the supply of houses for sale decreased the most (-25%), followed by Évora (-16%), Viana do Castelo (-14%), Aveiro (-13%), Coimbra ( -4%) and Faro (-2%). In Funchal, the supply of houses to buy did not vary during this period.