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Housing Crisis MercuryUprising 1 year ago 100%

Portugal housing crisis: 'I'll have to move back in with mum'

www.bbc.com

Georgina's circumstances are far from unique. Average rent in Lisbon is now just over €2,000, while the minimum wage is about €760.

Portugal is currently grappling with a severe housing crisis, triggered by an increase in foreign investment in property and a lack of affordable new homes.

But it's not simply an issue of supply. Researcher and activist Rita Silva, who helped set up the housing movement Habita, says there are "more houses than people, but prices don't go down".

Portugal is currently grappling with a severe housing crisis, triggered by an increase in foreign investment in property and a lack of affordable new homes.

But it's not simply an issue of supply. Researcher and activist Rita Silva, who helped set up the housing movement Habita, says there are "more houses than people, but prices don't go down".

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