3 times more demand than supply
In the last year, there was a change in preference in terms of housing on the part of Portuguese families. The demand for larger typologies and outdoor space (balconies, terraces) increased.
There is a shortage of quality housing in these segments, with demand in these segments reaching 3 times above supply.
As we can see in the chart above, according to RE/MAX data for the 1st quarter of 2021, demand for 3BR and 4BR apartments in São Domingos de Benfica, Carnide and Lumiar is more than 2 times higher than offer.
This report presents a particular analysis in some of the most popular areas for Portuguese families, and in the typologies where demand grew the most – 3BR and 4BR.
Let’s analyze 3 variables:
We also present the evolution of the price per sqm of transaction (closing the deal) and the sales volume.