The Supply of Homes for Sale in Portugal Begins to Decline in 2025

The supply of homes for sale in Portugal began to decline at the beginning of 2025, after around a year and a half of increases. And in the spring, this downward trend in the number of properties available for purchase in the country was confirmed once again, having dropped by 15.7% in the second quarter of 2025 compared to the same period in 2024, according to data analyzed by idealista, the leading real estate marketplace in Southern Europe.

This drop in housing supply comes at a time when home sales in the country are quite dynamic, driven by falling mortgage interest rates as well as new government support measures aimed at helping young people buy homes (such as IMT tax exemption and public guarantees).

Supply of Homes for Sale Declining in Most Major Cities

Over the past year, the supply of homes for sale in Portugal decreased in 18 out of 20 district capitals (or autonomous regions). Viseu (-29.4%), Braga (-28.1%), Beja (-27.5%), and Coimbra (-26.9%) were the cities where the available housing stock dropped the most.

The list of cities with declining housing supply continues with Leiria (-23.9%), Castelo Branco (-21.3%), Bragança (-20.5%), Setúbal (-18.6%), Lisbon (-18.1%), Ponta Delgada (-16.4%), Funchal (-14.5%), Viana do Castelo (-14.5%), Guarda (-12.5%), Vila Real (-12.4%), Évora (-11.1%), Faro (-9.1%), Santarém (-6.5%) and Porto (-0.9%).

On the other hand, Portalegre was the city where the supply of homes for sale increased the most (22.6%), followed by Aveiro (8.1%). These were the only cities to register an increase in housing stock during this period.

Supply of Homes for Sale by Major Cities
Variation between Q2 2025 and the same period in 2024

District capitals (or autonomous regions) Annual variation
Viseu −29.4%
Braga −28.1%
Beja −27.5%
Coimbra −26.9%
Leiria −23.9%
Castelo Branco −21.3%
Bragança −20.5%
Setúbal −18.6%
Lisbon −18.1%
Ponta Delgada −16.4%
Funchal −14.5%
Viana do Castelo −14.5%
Guarda −12.5%
Vila Real −12.4%
Évora −11.1%
Faro −9.1%
Santarém −6.5%
Porto −0.9%
Aveiro 8.1%
Portalegre 22.6%

Source: idealista – Created with Datawrapper

All Districts and Islands Have Fewer Homes for Sale

In spring 2025, there were fewer homes available for purchase across all districts and islands compared to the same period a year earlier. The drop in stock was most pronounced in Coimbra (-24.7%), Setúbal (-23%), and Lisbon (-22.3%).

The ranking of housing supply drops over the past year continues with Évora (-19.4%), São Miguel island (-18.4%), Santarém (-16.6%), Braga (-15.7%), Leiria (-15.6%), Viana do Castelo (-13.9%), Madeira island (-12.3%), Bragança (-11.5%), Viseu (-11.4%), Porto (-11.2%), Faro (-11%), and Castelo Branco (-10.5%).

There were five districts where the drop in homes for sale was less than 10%: Aveiro (-6.8%), Guarda (-6%), Vila Real (-6%), Beja (-4%), and Portalegre (-1.1%), according to idealista data.

Supply of Homes for Sale by Districts and Islands
Variation between Q2 2025 and the same period in 2024

District/Island Annual variation
Coimbra −24.7%
Setúbal −23.0%
Lisbon −22.3%
Évora −19.4%
São Miguel (island) −18.4%
Santarém −16.6%
Braga −15.7%
Leiria −15.6%
Viana do Castelo −13.9%
Madeira (island) −12.3%
Bragança −11.5%
Viseu −11.4%
Porto −11.2%
Faro −11.0%
Castelo Branco −10.5%
Aveiro −6.8%
Guarda −6.0%
Vila Real −6.0%
Beja −4.0%
Portalegre −1.1%

Source: idealista – Created with Datawrapper

Methodology
Data collected and analyzed by idealista/data, the proptech branch of idealista that provides information for a professional audience to support strategic decision-making in Portugal, Spain, and Italy. It uses all the parameters from idealista's databases in each country, as well as other public and private data sources, to offer services in valuation, investment, property acquisition, and market analysis.