The supply of homes for sale in the fourth quarter of 2023 rose 10% compared to what was available in the same period of 2022, according to a study by idealista.

In addition to the arrival of new developments on the market, both new construction and rehabilitation, along with the entry into force of Mais Habitação, the cooling in demand for housing due to the climate of uncertainty, rising interest rates and loss of purchasing power may also help explain this growth in supply, through the reduction in the number of transactions.

The supply of housing for sale in Portugal rose in 12 district capitals last year. Leading the list is Leiria (42.6%), followed by Évora (37.3%), Viana do Castelo (34.7%), Portalegre (25.3%) and Viseu (23.3%) such as the district capitals where available stock to buy a house has increased the most. Braga (23%), Vila Real (22%), Beja (21.7%), Setúbal (19.1%), Faro (15%), Castelo Branco (11%) and Coimbra (10.3%) follow.

On the other hand, there were also seven cities that saw the supply of housing available to buy decrease during this period. Santarém was the city where supply fell the most (-13.9%), followed by Ponta Delgada (-12.5%), Porto (-12.2%), Lisbon (-4.7%), Aveiro (- 3.2%), Bragança (-2.1%) and Funchal (-0.8%), shows the same study by idealista.