socialeconomic1.845 min read Portugal's Housing Crisis Sparks Massive Protests.
Thousands of people protested in Lisbon and other cities in Portugal against soaring rents and house prices amid a housing crisis worsened by high inflation. The country's government data shows that over 50% of workers earned less than €1,000 per month last year, while rents in Lisbon have jumped 65% since 2015 and sale prices have skyrocketed 137% in that period. The Socialist government announced a housing package last month, but critics say it is not enough to lower prices in the short term.
3 years ago•Source: Reuters
