• Number of homes for sale dropped 23% between Q3 2021 and Q3 2022 (Idealista)
• RICS/Confidencial Imobiliário report “significant fall” in available stock levels
• Last remaining properties at Amendoeira Golf Resort selling fast

The latest RICS/ Confidencial Imobiliário (Ci) Portuguese Housing Market Survey has reported a significant fall in the number of homes for sale in Portugal. Ricardo Guimarães, Director of Ci, reports:

“The main constraint comes from the lack of houses on market available to sell. Data from Confidencial Imobiliário shows that stock levels are at historic lows, in both the new and second-hand segments.”

The finding is echoed by data from Idealista, which shows that the stock of homes for sale in Portugal plummeted by 23% between Q3 2021 and Q3 2022, and Kronos Homes, which owns and operates a number of residential developments across Portugal. Alda Filipe, Sales and Marketing Director, Kronos Homes comments:

“There is a scarcity of real estate product in Portugal compared to many other destinations. The market has been so buoyant of late, with buyers not only from the traditional nations such as Britain and Ireland but now the US, Canada, South America and even France, resulting in a shortage of completed homes available to buy.

“Portugal has become the place to be, it's not over developed or overly dense, tourism levels are now higher than 2019 which was already a bumper year. We have seen, since the pandemic, a rise in the number of people relocating to Portugal to live full time or for longer periods of time, especially due to the innovations around nomadic working.”

The speed at which homes at Amendoeira Golf Resort in the stunning Algarve, owned and operated by Kronos Homes, are selling is testament the high demand within the Portuguese market right now. Home to a mix of two-bedroom apartments from €380,000 and three-bedroom villas with exceptional interior design from €810,000, all set in beautifully landscaped gardens, the completed, key-ready homes at Amendoeira Golf Resort are being snapped up fast.

“We have seen sustained demand for both apartments and villas at Amendoeira Golf Resort. The combination of the Algarve's natural beauty with the exceptional range of sports and leisure facilities available at the resort has proven popular with buyers from a wide range of international locations, as well as with domestic buyers here in Portugal.”

Alda Filipe, Sales and Marketing Director, Kronos Homes

In addition to the superb homes, the resort is home to a wealth of facilities. Chief among them are its award-winning Faldo Golf Course and challenging O'Connor Jnr Course. Amendoeira also boasts the only illuminated nine-hole golf course in Portugal, meaning that players can take to the fairways day and night. Those who prefer to stretch their legs at a faster pace can enjoy the resort's scenic jogging paths. It is also home to two AstroTurf five-a-side football fields and a natural grass football field for professional teams. There are six tennis courts, two padel courts and two communal swimming pools, as well as a playpark for youngsters to keep active in.

As well as the opportunity to stay fit and healthy in the sunshine, buyers at Amendoeira Golf Resort have plenty of opportunities to unwind and enjoy their leisure time. The extensive revamp carried out by Spanish developer Kronos Homes has seen the addition of a family-friendly restaurant, a sports bar, a clubhouse and a new reception. Maid and laundry services complete the offering, along with 24-hour security. The local area, meanwhile, is home to everything from stunning beaches, waterparks and a wealth of restaurants to an international school just ten minutes away.

For full details of Amendoeira Golf Resort, please email amendoeira@amendoeiraresort.com, call (+351) 282 320 820 or visit https://www.amendoeiraresort.com/en/