Braga in the top 5 in search of real estate
The real estate market, like many other economic sectors, is feeling the effects of Covid-19. But after all, how are the supply and demand for houses to buy in Portugal behaving with the pandemic? Last year, the demand for residential properties registered an average increase of 62.3% and the stock presented a small growth of 13.6% at national level, according to the data collected by the idealist, analyzing the variation between January and December 2020.
Magnifying glass districts
With regard to the districts, we present the top five where the variation in demand is higher than the national average. Castelo Branco (106.3%), Braga (85.7%), Porto (83.3%), Guarda (69.3%) and Lisbon (69.0%) were above the national average demand of 62 , 3%.
As for the properties on offer in the market - the so-called 'stock'
During this year marked by the pandemic, the district of Viana do Castelo is the one with the greatest variation (28.4%). Next are Braga (23.6%), Porto (20.6%) and Madeira Island (20.1%), which are above 20%.
On the contrary, there were six districts that saw their 'stock' of properties for sale fall during the last year, namely Guarda (-18.4%), Portalegre (-9.9%), Leiria (-5.2% ), Beja (-4.2%), Santarém (-3.1%) and Évora (-0.3%).
Behavior of cities
Analyzing the variation in demand by city, Castelo Branco, which, as mentioned above, is the only city where demand has doubled (118.7%). The cities of Porto (87.6%), Lisbon (78.6%), Faro (73.9%), Braga (72.2%) and Leiria (71.8%) follow in the list. All of them show an increase in demand for residential properties above 70%.
Teleworking impacts the residential market
"There are several cities outside the capital with significant increases in demand for residential properties for sale. Teleworking is considered to have forced people to ponder their choices, in order to have more quality of life, with larger houses and living spaces. leisure, namely gardens "
- Analyzes the team of idealista / data Portugal, stressing that "the cities or districts with the greatest variation in demand, does not directly mean that they present the largest or smallest amount of 'stock'".
An example of this is the case of Castelo Branco (district) with a 106.3% variation in demand and an accumulated 'stock' variation of 8.8%; in Porto (district) there was a variation of 85.7% in demand and 23.6% in supply.
Source: idealista.pt
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