Housing Minister Miguel Pinto Luz stated that real estate investment funds account for less than 2% of Portugal's housing stock, focusing primarily on commercial and service properties. He addressed parliamentary questions during the 2027 State Budget review, arguing that the majority of rental properties are owned by small individual savers rather than large corporate funds.
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Read today’s briefingProtesters demanding policy changes have consolidated six main requirements, with the reversal of current rent laws and restrictions on real estate investment funds at the top of their list. These demands come amid ongoing demonstrations against the high cost of living and housing in Portugal.
Protesters in Lisbon are using an art installation in the form of a giant snake to symbolize real estate funds 'swallowing' homes, ahead of a housing march in the city.
The Communist Party (PCP) stated that public pressure could potentially stop the implementation of the new rental law. The party leader criticized right-wing parties for allegedly serving the interests of real estate funds and accused Chega of inconsistency regarding housing policy.