'Real estate needs more homes at an unusual time.'

's Lisbon Exhibition Center (FIL), idealista/news portal surveyed the industry participants present at the event to "gauge the pulse" of the market. It is currently difficult to make long-term predictions, but real estate experts believe that the market is at a 'strange' moment, constrained by the current macroeconomic and geopolitical context. After the overheating of recent years and the post-pandemic "boom", they say, we are moving towards a scenario of market stabilization and normalization. And they point out that 2022 is seen as a possible start of a new cycle. Everyone agrees that Portugal is experiencing a housing crisis. However, according to real estate experts, it is a structural problem, not just an opportunistic one. And presented by the government''The 'More Housing' program is far from convincing. It is not, according to intermediaries, the right way to address the problems facing the market and, on the contrary, may support instability and investor mistrust.

The real estate business remains active (and attractive), that's for sure. Despite a decline in transactions nationally, especially early in the year, demand remains strong and there are lucrative business opportunities. The decision process is becoming longer, so the average time to sell a property is increasing, meaning the market needs more time to absorb homes. However, despite possible adjustments, home prices should remain stable (and increase, albeit more slowly),''as the product is still not enough. The diagnosis is unambiguous: Portugal needs more housing.

Where is the real estate market heading?