Portugal's Housing Crisis Forces Multigenerational Living

1 min read
Source: BBC
Portugal's Housing Crisis Forces Multigenerational Living
Photo: BBC
TL;DR

Portugal is facing a severe housing crisis due to an increase in foreign investment in property and a lack of affordable new homes. The average rent in Lisbon is now just over €2,000, while the minimum wage is about €760. The crisis has sparked numerous campaigns pushing for more affordable housing. The government is putting a stop to Golden Visas and short-term rentals permits, as well as limiting rent increases to 2%. However, for most, it's too little, too late.

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