Duration houses are listed for sale?
In June 2021, the Portuguese real estate market showed varying speeds in selling properties, according to data from market reports and property portals such as Idealista, Confidencial Imobiliário, and major property portals. Here's a summary of the fastest-selling cities and districts in Portugal during that month.
- Évora topped the list as the city where the most houses were sold in less than a week, with an impressive 29% of properties finding new owners in such a short timeframe.
- Castelo Branco followed closely, with 25% of houses sold in less than a week, making it the district with the fastest-selling homes in Portugal.
- Santarém and Porto each had 17% and 10% of houses sold in less than a week, respectively.
- The island of Madeira also had 10% of houses sold in less than a week.
- Funchal, Braga, and Leiria each had 10% of houses sold in less than a week, while Viana do Castelo, Setúbal, São Miguel, and the city of Viseu had 9%.
- Évora, Ponta Delgada, and Viseu all had 11% of houses sold in less than a week.
- Leiria, Lisbon, Coimbra, and Aveiro each had 8% of houses sold in less than a week.
It's important to note that the length of time houses are available on the market is influenced by their location, characteristics, and price. The data shows that 25% of houses advertised on the market are available for between one week and one month, while 30% of houses are available for between three months and one year, and 19% of houses are available for between one and three months. A smaller portion, 7%, of houses are on the market for more than a year.
This summary offers a glimpse into the fast-paced real estate market in Portugal during June 2021. For more detailed insights and statistics, consult the June 2021 market reports from Idealista, Confidencial Imobiliário, Instituto Nacional de Estatística (INE), and major property portals.
Investing in the housing market of certain cities in Portugal, such as Evora and Castelo Branco, may be attractive due to their fast-selling properties, with over 25% of houses sold within a week in June 2021. However, it's crucial to consider factors like location, characteristics, and price when financing real estate investments, as the data shows a significant portion of houses are available for long periods on the market.
