OLX has just released a study, based on data available on the platform, presenting indicators on the demand, supply, and average prices of holiday homes in Portugal. The figures now released reflect an analysis of the first five months of 2019 and a comparison with the same period last year.
The most sought-after cities in 2019 for renting holiday homes in the Faro district are Vila Real de Santo António (25%), Portimão (20%), Albufeira (16%), Silves (10%) and Loulé (10%).
Besides Faro, Setúbal (7,6%), Leiria (7%), Braga (4,2%) and Porto (2,9%) complete the top 5 most sought-after districts for holiday home rentals. However, comparing the aforementioned periods of 2018 and 2019, only Faro, Braga and Porto experienced growth in this indicator.
Between January and May 2018, 5.381 listings were published in this vacation rental category, while in the same period of 2019, 5.908 were published.
Regarding the distribution of supply by region, Setúbal (7,7%), Leiria (7,1%), Lisbon (6,6%) and Porto (4,1%) come right after Faro which, as already mentioned, also leads this index.
The largest increases in average weekly price, comparing the aforementioned period of 2018 and 2019, were recorded in Santarém (41%), Beja (8%), Setúbal (7%), Faro (3%) and Leiria (1%). The districts with the largest decrease in this indicator were Coimbra (-16%) and Porto (-9%).
On the other hand, analyzing only 2019, Santarém (764 euros), Viana do Castelo (681 euros) and Braga (626 euros) have the highest average prices per week, while Coimbra (285 euros) and Leiria (381 euros) have the highest lower prices.
Beyond the conclusions already stated, and analyzing only the region of the country that dominates both the demand and supply of the holiday home category (Faro district) on OLX, it is also possible to see an increase in the average price per week for T1 (1%), T2 (2%) and T3 (6%).
Another interesting fact, which also serves as an indicator, involves understanding which keywords were most searched by users in this category in 2019, and it is no surprise that the top five in the ranking are related to the southern region of Portugal: "Algarve", "Albufeira", "Quarteira", "Manta Rota", and "Monte Gordo". Only in sixth position does a term appear that is not linked to this region, more specifically "Sesimbra".
