Housing Supply in Alentejo District Capitals Drops by up to 68%
The supply of residential properties for sale in the Alentejo region has undergone significant reductions over the past few years, according to a recent analysis published by the real estate portal idealista. The data indicates a sharp contraction in the housing stock, particularly in the region's district capitals, reflecting a broader national trend of decreasing housing availability.
The analysis from idealista/data highlights that Beja is the district capital experiencing the most substantial decline in the region. The city has seen its available housing stock for sale decrease by 68% since the second quarter of 2018. This marks the most significant drop among the Alentejo's main urban centers. The city of Évora also registered a notable decrease in housing supply, with 45% fewer homes available for purchase compared to the market peak observed in the second quarter of 2024.
In Portalegre, the available housing stock has diminished by 43% since the last quarter of 2023. This positions the district as one of the areas in Portugal most affected by the recent reduction in housing supply. The report provides a granular look at the market dynamics, showing a consistent trend of tightening inventory across the region.
When analyzing the data at the district level, the report shows that both the districts of Beja and Évora have recorded a 19% reduction in housing stock compared to their respective historical highs. The district of Portalegre, however, registered the most moderate decline in the country, with a 7% decrease in available properties since the end of 2023.
The findings from idealista/data suggest that these regional variations are part of a larger, nationwide pattern. Across Portugal, the housing stock available for sale has decreased by 26% since the beginning of 2020. This national trend points towards a structural shift in the Portuguese property market, with fewer homes being listed for sale, which can have subsequent impacts on property prices and market activity.
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The methodology used for this analysis relies on the housing stock data collected by idealista, a major property portal in Southern Europe. The data compares current inventory levels with historical peaks recorded in their database, providing a long-term perspective on supply trends. The period of analysis covers several years, allowing for a comprehensive view of the market's evolution.
Industry experts have pointed to several factors contributing to this trend, including increased demand from both domestic and international buyers, slower rates of new construction in certain areas, and a tendency for existing homeowners to hold onto their properties for longer periods. The reduction in supply is a key indicator watched by market analysts, as it often precedes periods of price appreciation.
The Alentejo region, traditionally known for its vast landscapes and more accessible property prices compared to coastal hubs like Lisbon or the Algarve, appears to be increasingly affected by these national market pressures. The significant drops in available housing in its main cities could signal a shift in the region's real estate landscape in the coming years.
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