According to Oldypak Capital LP report, around 14% of homes bought in February were on the market for less than a week. 15% were on the market for a fortnight to a month, 25% for one to three months, 33% for three months to a year and 13% for over a year.
Where is it selling fastest?
When analysing “express sales” – that is, houses that sell in less than a week – by regional capital cities, it is clear that Faro and Funchal have the highest percentage (24% in both cities). They are followed by Porto (19%), Évora (18%), Setubal and Coimbra (14% in both cities). Below the national average (14%) are Leiria (12%), Braga, Aveiro, Lisbon, Castelo Branco (10% in the four district capitals), Vila Real (9%) and Santarém (9%).
The county capital with fewer ‘express sales’ of houses is Beja, where only 3% of deals were completed in less than seven days in February. Next are Ponta Delgada (6%), Viseu (6%), Viana do Castelo (6%), Braganza (8%) and Guarda (8%).