A shelter providing 120 beds has been operating in central Porto for one month, facing an increase in the number of people seeking its services.
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The annual rent adjustment coefficient for 2027 is set at 2.56 percent, based on recent inflation data. Landlords must wait for the formal publication of this coefficient in the Diário da República by 30 October and must provide tenants with at least 30 days' written notice before applying any increase. An extraordinary rent support scheme remains in place for eligible households with a rent-to-income effort rate exceeding 35 percent and annual income below the sixth IRS bracket threshold (€38,632).
Protesters began setting up tents on the streets of Porto this Saturday as a form of demonstration against the current housing crisis.
Residential construction costs rose by 7.5% year-on-year in August, driven by a 7.1% increase in material prices and an 8% rise in labour costs. Key materials like diesel, copper wire, and PVC pipes saw sharp price hikes of 15% to 30%, with no materials showing a price decrease.