Almost 140.000 properties are currently on Lisbon's "for sale market", 34 percent of which are new-builds.
During the second quarter of 2010 12.000 properties were bought. In terms of dynamics, the secondhand residential market registered an absorption rate of 16%, the equivalent to the sale of 15.000 units, proving to be more in demand than brand-new properties, which experienced an absorption rate of only 14%, or 7.000 residences.
The absorption rate includes next to sales also units, which were taken of the market by the owners.
(source: The Portugal News, 23.10.2010)
