The Portuguese government has proposed a "shock of supply" in rental housing to address the country's housing crisis. The proposal, which aims to increase the supply of rental housing, was discussed during the Urban Rehabilitation Week in Porto. The government's plan involves making it easier for property owners to rent out their properties and increasing the supply of public and private housing.
The proposal has received mixed reactions from opposition parties. Deputies from the PSD and PS parties discussed the new rental law during the Urban Rehabilitation Week in Porto. They agreed on the need to distinguish between different types of non-compliance and to provide support to vulnerable groups. However, they disagreed on some aspects of the proposal, such as the increase in deposits.
Francisco Sousa Vieira, a deputy from the PSD, stated that the government's strategy is focused on increasing the supply of housing. He emphasized that the government is willing to discuss the proposal in detail and make adjustments as needed. Vieira also stressed that the government recognizes the problem of housing and is committed to finding a solution.
Eduardo Pinheiro, a deputy from the PS, expressed concerns about the proposal. He stated that increasing deposits will make it more difficult for families to access the rental market. Pinheiro also suggested that the government should create a public guarantee for rental housing to help those who are struggling to pay rent.
Ricardo Guimarães, director of Confidencial Imobiliário, described the current rental market as "deeply dysfunctional". He stated that the market has problems related to generation and that those who enter the market now pay much more than those who already have a property. Guimarães also criticized the administrative brake of 2% on new rental contracts.
Guimarães also pointed out that the funds invested in real estate have very little expression in Portuguese rental housing. He stated that the data from MSCI shows that only 3.9% of residential properties in Portugal are owned by investment funds. Guimarães emphasized that it is only possible to make affordable rental housing with scale and industrialized construction.
The government's proposal aims to increase the supply of rental housing and make it more accessible to vulnerable groups. The proposal will be discussed in detail in the coming weeks, and the government has expressed its willingness to make adjustments as needed. The goal is to find a solution to the housing crisis and make rental housing more accessible to those who need it.
Key points
- The Portuguese government proposes a "shock of supply" in rental housing to address the housing crisis.
- The proposal aims to increase the supply of public and private housing and make it easier for property owners to rent out their properties.
- The proposal has received mixed reactions from opposition parties, with some expressing concerns about the increase in deposits.
