Socialeconomic Issues News

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 high inflation. The country's government data shows that more than 50% of workers earned less than €1,000 per month last year. 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.