The real estate market is a dynamic and complex sector that directly impacts individuals, communities, and economies. In Portugal, recent years have witnessed significant shifts in property prices, driven by factors such as urban development, tourism, and changing housing demands. This report focuses on a comprehensive dataset of over 100,000 real estate listings from across Portugal and explores the interactions between property features, geographical locations, and asking prices.
By analysing these trends, we aim to inform readers on insights that can inform investment strategies, urban planning, and market predictions. Beyond individual property assessments, the dataset allows for broader market analysis. Understanding price trends over time and identifying correlations between features can reveal larger economic narratives, such as the influence of governmental housing policies or shifts in buyer preferences. The findings from this study can serve a wide audience, from homeowners and investors to urban planners and policymakers, to better understand the evolving Portuguese real estate market.
As such, the aim of our analysis is threefold: we seek to discover the regional variations in house asking prices across Portugal, identify how specific house features such as location and amenities influence pricing, and examine the role of energy efficiency ratings in shaping market trends. Additionally, we aim to conduct a time-series analysis to understand how prices have evolved over time, providing a comprehensive perspective on the dynamics of the Portuguese housing market.
In this report, we identify features of interest by conducting a one-way analysis of variance (ANOVA) test to uncover significant variables, and utilise those results in further analysis.
Consequently, the following questions arise:
How do amenities, like the number of bathrooms in a house, affect the asking price of real estate properties in Portugal?
How does energy certification affect the asking price of properties across different regions in Portugal?
Are there significant regional disparities in real estate pricing trends across Portugal, and how do these disparities align with economic or demographic factors?
Analysing the Impotance of House Features
We wanted to learn about how various features of real estate listings varied by geographical location across Portugal. To do this, we examined three features—property area, asking price, and construction year—across five major districts in Portugal.
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