Housing
How much do house prices and rents rise when demand increases?
A Bank of Portugal study covering approximately 300 municipalities found that housing supply in Portugal fails to respond adequately to increases in demand, which drives up both purchase prices and rents. The study suggests that public policies should prioritize increasing the availability of housing stock.
Why it matters
This study confirms that the housing market in most of Portugal is structurally unable to meet demand, indicating that high price and rent pressures are likely to persist unless housing supply increases significantly.ExpressoRead original ↗
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