In Madeira, those looking for a house do so looking for something costing, on average, around 280 thousand euros, with properties being advertised, on average, for 480 thousand euros.
The information is provided by Imovirtual, a leading real estate portal that today released a new study related to the comparison between demand and supply, throughout the months of April, May and June.
At a national level, the advertised value of houses for sale is 80 percent higher than the amount sought. Porto (66.67%) and Faro (62.33%) are the districts with the greatest discrepancy between the prices advertised on the market and the values sought by users . In Porto , users are looking for houses for €225,000 and the advertised value is, on average, €375,000, and in Faro , they are looking for €300,000 and the advertised value is €487,000.
As for Madeira, users are looking for houses costing, on average, 280 thousand, while they are being advertised for 480 thousand, on average.