Since 2021, the average purchase price for homes in Portugal has risen by over 70%, while rental prices have increased by nearly 50%.
This update is from Bica
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Read today’s briefingLast winter saw nearly 5,000 deaths above the expected baseline, a mortality increase experts associate with cold weather and flu activity. The flu season resulted in 171 hospitalizations in intensive care units, primarily among individuals with chronic conditions such as obesity and heart disease.
The Socialist Party (PS) will meet with Prime Minister Luís Montenegro on Thursday 5 November to propose five housing measures: ending the 2,300-euro 'moderate rent' category in favor of accessible rent, restricting unlimited security deposits and rents, implementing a moratorium on the expiration of rental contracts until 31 December 2027, transferring IHRU property to municipalities for rehabilitation, and exempting capital gains taxes on sales of second homes under 300,000 euros if they are repurposed for permanent residence in high-pressure urban areas.
During a popular assembly held on Monday 19 October, 35 people voted to remain camped in Praça D. João I in Porto, where a housing protest has been ongoing for one week. The group, which has had tents set up since Saturday 17 October, also expressed solidarity with similar protests in Lisbon and across the country and discussed coordination with university student associations regarding housing and tuition fees.