Protest in Portugal over housing crisis. Thousands of people took to the streets of Lisbon and other cities across Portugal on Saturday in protest against high rents and house prices at a time when high inflation is making it even hard for people to make ends meet.
“There is a huge housing crisis today,” Rita Silva, from the Habitat housing group, said at the Lisbon protest. “This is a social emergency.”
Portugal is one of Western Europe’s poorest countries, with government data viewing more than 50% of workers earned less than 1,000 euros ($1,084) per month last year. The monthly minimum wage is 760 euros.
Rents in Lisbon, a tourist hotspot, have increased 65% since 2015 and sale prices have sky-rocketed 137% in that period, figures from Confidencial Imobiliario, which collects data on housing, show. Rents enhanced 37% last year alone, more than in Barcelona or Paris, as per another real estate data company, Casafari.
The situation is especially hard on the young.
The normal rent for a one-bedroom flat in Lisbon is around 1,350 euros, a study by the housing portal Imovirtual showed.
The Socialist government declared last month a housing package that, among other measures, ended the disputable “Golden Visa” scheme and prohibited new licenses for Airbnb properties but professional say it is not enough to lower prices in the short term.
At the protest, which arranged by the movement “Home to Live” and other groups, 35-year-old illustrator Diogo Guerra said he hears stories about people struggling to access housing every day.
“People who… work and homeless, people evicted because their house turned into short-term accommodations (for tourists),” he said.
Low wages and high rents make Lisbon the world’s third-least workable city to live in, reported to a study by insurance brokers CIA Landlords. Portugal’s current 8.2% inflation rate has worsen the problem.
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“With my salary, which is higher than the average salary in Lisbon, I cannot afford renting a flat because it’s too expensive,” said Nuncio Renzi, a sales executive from Italy living in the capital.