There has been a cooling of the real estate market in Portugal. After years of steady price increases and high demand, the number of deals has declined, and buyers have become more discerning. The market is gradually moving into a phase of equilibrium, however, according to experts, this slowdown does not mean a solution to the housing problem, on the contrary, housing affordability for local families remains extremely low.
Analysts emphasize that the relationship between sales volume and prices is far from direct. Despite the reduction in the number of transactions, the cost per square meter remains high, and the share of income of the average family that goes to pay for housing still reaches critical values. This suggests that the root of the problem lies not in the pace of sales, but in systemic imbalances.
Experts cite the structural gap between supply and demand as one of the main reasons for the ongoing tension. Portugal is actively attracting international investments, technology companies and qualified specialists, which increases the need for housing, especially in large cities. At the same time, new construction has not kept pace with this growth, and bureaucratic procedures and long approval periods are hindering the launch of facilities on the market.
A source: The Portugal News
