What will be the short and long term effects of the corona virus crisis, on the property market in Portugal?
Based on information from Market Analytics of the CASAFARI website, 210,233 properties have been withdrawn from the national real estate market in the last 30 days. This is due in first line to the difficulty of payment of the advertisements by individuals and some real estate companies. In the same period 148,745 Properties entered, thus having a reduction in supply of more than 25%. 6,259 Properties went up in price, i.e. 30% of the Properties compared to the 16,812 Properties that went down. But in the same period 2,367 properties were sold and 1,699 more were reserved.