There is lack of houses in Portugal

According to Luís Lima, president of the Real Estate Agents’ Association, there is lack of offer and huge demand, and that makes the value of houses raise and many families can’t afford it. To counter this vicious circle, it is estimated will be needed 70 thousand new houses.
 
The offer that exists is directed to the mid-high and high classes, not giving answer to the need of the mid class and young people. Although the problem has already been assumed, the truth is that these houses are not yet being built and estimate that in the next two years will be excess of houses destinated to the upper class.
 
According to Henrique de Polignac de Barros, president of the Real Estate Promoters and Investors’ Association, in this moment are being constructed in the suburbs large undertaking, destined to the mid class. It’s necessary to be aware that the real estate value is the sum of the acquisition of the landing and the value of constructions, and that this value will drop as of the moment there is more offer.
 
Henrique de Polignac de Barros says also that would be very interesting if the government would start to intervene and offer landings to housing solutions.
 
See the full interview in: https://amp-expresso-pt.cdn.ampproject.org/c/s/amp.expresso.pt/multimedia/2019-11-14-Ao-vivo-na-redacao-Esta-na-altura-de-comecar-a-construir-casas-para-quem-tem-menos-rendimentos

By Beatriz Veiga Santos