The number of houses sold in Portugal is falling and prices are tending to stabilise across the country. With demand for housing cooling down, in parallel with the arrival of more new-build units on the market, the supply of houses for sale in Portugal increased by 11% in the third quarter of 2023 compared to the same period last year, according to a study by Idealista.

The supply of housing for sale in Portugal has risen in 13 district capitals in the last year. Leading the list is Évora (with a 55% increase), followed by Guarda (47%), Viana do Castelo (41%), Vila Real (38%) and Leiria (37%) as the district capitals where the stock available to buy a house increased the most.

On the other hand, Porto was the city where the supply of houses for sale fell the most (-24%), followed by Funchal (-16%), Ponta Delgada (-14%), Aveiro (-10%), Bragança (-5%), Lisbon (-5%) and Santarém (-3%). These were the seven cities analysed where the housing stock fell between the summer of 2022 and this year.