“’There continues to be a structural shortage of supply,’ Joana Fonseca, head of research at Jones Lang LaSalle [ — which put out the report with those figures — ] said at a presentation in Lisbon on Thursday,” according to Bloomberg.
“Prime rents in the cities grew more than 13% in the first half of the year — a faster pace than anywhere else in the world,” Bloomberg writes, citing Savills
“Following stories that landlords in Lisbon are trying to wriggle out of the cap on rent increases next year by evicting tenants, and re-renting properties at a much higher rental,
“Ministers have approved the measure of the Mais Habitação program, proposed by the Government, which includes the forced lease of houses that have been vacant for more than two years,”
“In Portugal, over 1 million pensioners receive less than 500 euros per month. With inflation rampant, they have lost a considerable amount of purchasing power over the past year,” according
“In the luxury segment, supply is almost null and demand keeps growing,” said Jose Cardoso Botelho, head of Vanguard Properties, according to Bloomberg.
“‘Unfortunately, nowadays, with the Government and the conditions, it is not a country for the Portuguese,’” Eurovision winner Salvador Sobral said in an interview with La Resistencia, stressing that it is a ‘fun
“Around 90% of buyers who invest in the Algarve buy second homes,” TPN writes.
“Data showed the asking price of new leases on houses and apartments jumped 10.6% year-on-year to a median of 6.91 euros ($7.49) per square metre,” Reuters writes.
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