Sale of houses decreased 24.3% in the Algarve in April

Search for apartments falls by 30% in the Algarve. Household demand increases - Jornal diariOnline Região Sul. Your news portal Algarve and Alentejo Portugal


The impact of the Covid-19 pandemic caused, in April, a decrease of 24.3% in the number of households sold per thousand classic family households in the Algarve compared to the same period in 2019, revealed the National Statistics Institute (INE).

With the country in confinement since mid-March, the pandemic “affected the housing market in a different way in the territory,” stressed the INE in the latest bulletin on socioeconomic indicators related to the impact of the disease.

In April of this year, adds the institute, in all NUTS II regions there was a decrease in the number of sales of family housing compared to the same period, "highlighting the reduction in the Algarve and the Autonomous Region of Madeira".

In Portugal, 5.1 households were sold per thousand classic family households, a drop of 19% compared to the previous month and 17% compared to the same period, says INE.

At the regional level, with the exception of the Metropolitan Area of ​​Lisbon (7.1) and the Algarve (6.7), the remaining regions had a lower number of sales per thousand households than the national reference.

According to INE, in the seven NUTS II regions there was a decrease in the number of households sold per thousand classic family households compared to the same month of the previous year, with the Algarve standing out, with decreases above 20% (-24.3 %) and Madeira (-20.5%).

In relation to leases, there were 2.2 new lease contracts per thousand classic family dwellings in Portugal in April, which represented a decrease of 50% compared to the previous month and 13% compared to the same period.

At the regional level, there was a decrease in the number of new lease contracts per thousand classic family dwellings compared to the same month in the previous year, with the Autonomous Region of the Azores standing out, with decreases of more than 15% (-18.4%) and the Algarve (-17.7%).

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