Speaking in the debate on the generality of the State Budget for next year, Fernando Medina stated that “17,500 homes are contracted” that will be affordable, of which “2,900 are already completed, 10 thousand are already under construction and 4,500 are in design or in competition phase”.
Responding to questions from parties, the Minister of Finance considered that the creation of a “public initiative park capable of ensuring affordable rents” represents a “profound structural change in the housing market” in Portugal and will have a “lasting, profound impact on the reality to access to housing”.
Still with regard to housing, Medina said that the measures aimed at families with housing loans - which will “allow instalments to be reduced for all families and stabilise them for a period of two years” - will come into force “at the beginning of November month".
Regarding rents, the minister said that “the extension of support amounts was determined to compensate for the increase in rents, and its scope was expanded to specific professions with a deficit in accommodation capacity in specific areas of the country”.
Yet more government spending (your money, raised through taxation) being thrown at further distorting the housing market. There is no something for nothing. The PT government is asking you to pay more tax so that a few people can get cheap, subsidised housing. What's fair about that? Most of us work a lifetime to afford to buy a house, or alternatively, pay a large proportion of our salary as rent. We shouldn't be subsidising a select few, and the government should be reining in its spending so that the taxpayer can keep more of his/her own income.
By Billy Bissett from Porto on 01 Nov 2023, 11:51
#Billy
The problem is supply, as we know! And the root problem of supply is PDM! As I have written elsewhere here.
"The root cause of this supply problem is PDM's of municipalities. Portugal is full of "agricultural" land plots, where you are not allowed to build if you don't own 1 - 4 hectares of land, and you don't state that you are a farmer! The government and municipalities try to "move" all people to the cities. If PDM would allow you to build on land that you own, I guess that many people would do so, if not for themself, then just for the sale.
Everybody would win!"
By JJussi from Other on 01 Nov 2023, 14:16
It's time for Portuguese people to stop paying taxes!
One pay taxes, but gets nothing from the government in Portugal.
These affordable house are being given to friends that drive Mercedes and Porches, that one can see getting in and out of the garages.
One poor family to show off.
People that don't pay taxes / on benefits should not be allowed to vote.
This is anarchy! Must be fighted hard.
By Maria from Other on 02 Nov 2023, 07:02
Good to see the government taking action to create affordable homes for the native population of Portugal... it is fine for ex-pats to moan about the rents going up, but when your whole wage has to go on housing it's no joke!
By Iain Clark from Lisbon on 02 Nov 2023, 15:26