Thousands of Portuguese demonstrate for affordable housing

"I live in constant fear that my landlord will announce a brutal rent increase," said Ana Reis da Silva, a 32-year-old lawyer who has lived in the Portuguese capital for around ten years.

Thousands of Portuguese demonstrate for affordable housing

"I live in constant fear that my landlord will announce a brutal rent increase," said Ana Reis da Silva, a 32-year-old lawyer who has lived in the Portuguese capital for around ten years.

"Rents must remain affordable," demanded 72-year-old pensioner Martinho Faias Parreira. He lives in a council flat in Lisbon, the rent for which has risen sharply in recent years.

The demonstrators demanded "a constitutional right to an apartment for everyone," as the door-to-door movement explained, which had called for the demonstrations with other associations.

Amid the crisis in the housing market, the Portuguese government on Thursday approved a plan to increase the number of homes available in a country where 730,000 homes are empty or in danger of being demolished.

One of the government's central measures is to stop issuing so-called gilded visas, which grant wealthy investors the right to stay. This is intended to curb real estate speculation.

According to the European statistics agency Eurostat, purchase prices for real estate in Portugal rose by more than 75 percent between 2010 and 2022, while rents rose by almost 25 percent.

The government's housing plan also provides tax benefits for owners who offer vacation rentals in the housing market and tax benefits in the rental market. In addition, apartments in large cities that have been empty for more than two years are to be offered on the real estate market.

In addition, there are measures to support families groaning under the increased rents and installment payments for real estate loans.

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