Analysing the offer of rooms in eight Portuguese cities, the
study has found that the drop in the “stock” of rooms for rent was pronounced
in all of them, most of which were above 60%. It was in Porto (-84%) where the
biggest reduction was observed, followed by Lisbon (-77%), Leiria (-71%),
Aveiro (-69%), Setúbal (-69%), Faro (-67%), Braga (-67%) and Coimbra (-39%). Of
the cities analysed, none showed an increase in the supply of rooms for rent in
the last year.
The decrease in the supply of rooms has caused an increase
in prices in almost all the cities analysed, with the exception of Faro and
Braga, where they fell by 1.9% and 1%, respectively. It was in Porto that the
prices of rooms for rent rose the most, being 20% more expensive than a year
ago. Aveiro (19.8%), Lisbon (18.1%), Leiria (12.2%), Coimbra (8.2%) and Setúbal
(4.7%) follow.
Lisbon continues to be the city with the most expensive
rooms for rent in Portugal, where prices average around €420 per month,
followed by Porto (350 euros/month), Aveiro (300 euros/month), Setúbal (300
euros/month) and Faro (300 euros/month). On the other hand, of the cities
analysed, the most economical places to rent a room are Coimbra (220
euros/month), Leiria (230 euros/month) and Braga (260 euros/month).
Confusing!
At first I thought this was an article about tourism?But I think the survey is just referring to residential availability and a name check for Idealist.
An increase in tourism may well be the reason for the depletion of property availability in the residential sector, who knows?
And how was the survey conducted?
If it was just from Idealist looking at their own availability, you have to factor in the companies own performance in the market place against the competition.
Idealist I believe is an online listing agency where homeowners can list their property for sale for free, in Portugal.
Obviously some people would argue that more residentail properties would be listed through services like Remax.
I find surveys today to be very confusing, many are just done using a sample audience then some kind of complicated maths are used to give you the impression that a real survey took place.
By Gerald Ward from Alentejo on 16 Aug 2022, 08:23