The average property in Portugal is worth €431k, 55 higher than those looking for home prices.

A recent study compared supply and demand in the real estate market in the Lisbon district over the past three months and showed significant differences between the prices of properties on the market and the prices people are willing to pay.

According to Imovirtual, a national real estate resource, the average purchase price of a home in Portugal in August, September and October was 431,946 euros, while people were looking for a home at an average of 277,866 euros.

In the Lisbon district, demand for housing remains strong, but the gap between what people are looking for (518,642 euros) and what is actually on offer (641,207 euros) is only 24%. If we consider only the city of Lisbon, we can conclude that people are looking for housing worth''715,515 euros, while the supply is 733,521 euros, meaning prices are more balanced.

The cities of Lourinha (32%), Aruda dos Vinhos (27%), Cadaval (17%) and Azambuja (10%) have the largest differences between the prices announced on the market and the prices at which users search for housing. On the other hand, Mafra (2%), Lisbon (3%), Loures (3%) and Alencer (5%) are cities where house prices are more balanced. Of the 16 cities, in 8 cases supply exceeds demand, while in the remaining 8 cases the opposite is true.

In a repeat, we also look at the real estate market in Porto, where demand also remains high, with a gap between what people are looking for (315,484 euros) and what is offered (186,257 euros) of 22%.

In Valongo, the average house purchase price is 319,564 euros and the advertised price is 245,631 euros, while in Porto the demand is around 597,313 euros and the supply is around 480,531 euros. Users have made the highest number of requests to buy real estate in Vila Nova de Gaia, followed by Porto, Maia and Gondomar.