Portuguese Housing Stock for Sale Declines by 11.5% in 2025
A recent market analysis conducted by the real estate brokerage network eXp Portugal has identified a significant contraction in the number of residential properties available for sale across the country. The data reveals an 11.5% decrease in housing stock from the beginning of January to the end of September 2025. This reduction in supply is a national trend, with only two regions showing a slight increase against the prevailing pattern.
The study compiled and analyzed current and historical data on property listings to evaluate the volume of homes for sale in each Portuguese region and track the changes throughout the year. At the national level, the number of active listings fell from approximately 157,000 in January to just under 139,000 by September. This sharp drop highlights the growing disparity between housing supply and buyer demand.
The decline in available stock was most pronounced in several key markets. The Porto district experienced the largest reduction, with a 19.5% drop in listings. Other significant decreases were recorded in Madeira (-14%), the Faro district in the Algarve (-13.9%), and the Aveiro district (-13.8%). These figures indicate a tightening market across Portugal's most sought-after coastal and island regions.
Lisbon, while remaining one of the country's most active markets by volume, also saw a notable decrease in available properties. Despite having nearly 28,000 homes still listed for sale, the capital city registered an 8.1% fall in stock since the start of the year. This reduction in Lisbon's housing supply is a critical factor contributing to the continued upward pressure on property prices in the metropolitan area.
The only regions to defy the national trend were Beja and Castelo Branco. Both districts recorded a marginal 0.4% increase in the number of properties for sale, making them exceptions in an otherwise contracting market. This slight growth in the interior may suggest a minor redistribution of housing availability, but it does not offset the significant declines in major population centers.
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João Miguel Louro, the director of eXp Portugal, provided commentary on the market dynamics. "The reduction in stock levels is creating a highly favorable environment for sellers," Louro stated. "With fewer competing properties on the market, strong buyer appetite continues to fuel demand. This naturally increases the likelihood of securing a better price and achieving a faster sale."
The findings underscore the supply-side challenges facing the Portuguese real estate sector. Economists and industry leaders have repeatedly pointed to the need for increased construction and development to alleviate the housing shortage. The current environment of limited inventory is expected to sustain price competition among buyers in the short to medium term.
This analysis from eXp Portugal provides a clear statistical basis for the market conditions being reported by agents and experienced by buyers on the ground. The data confirms that the availability of homes for purchase has shrunk considerably, a trend that has significant implications for market behavior and property valuation across Portugal.
Stay informed on Lisbon property market developments at realestate-lisbon.com.