The Algarve is running out of houses for sale
It’s a lack of houses. This is the summary from the monthly Portuguese Housing Market Survey conducted by Confidencial Imobiliário and RICS. “The housing shortage continues to be one of the main factors influencing the market in a scenario of growing demand.”
“For the agents interviewed, the shortage of supply is the main constraint on their activity and also the main factor determining the evolution of prices. This situation should dominate the trends in the coming months,” explains Ricardo Guimarães, Director of Confidencial Imobiliário.
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