Portugal Needs a Lot More Houses. Government Admits that Prices Will Not Stabilize Quickly
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6 Articles
The problem does not result from pressure from the demand side, but from "negative pressure from the supply side," said Joaquim Miranda Sarmento in parliament.
The increase in housing prices in the last decade is one of the country's most structural problems, which will take time to resolve, and it is necessary to increase the supply a lot, said the Minister of Finance in parliament today 23 September.
Miranda Sarmento also mentioned that the government has reinforced the funds earmarked for housing, exceeding the target of 26,000 public housing houses provided for in the PRR and projecting that the total will reach 59,000 by 2029.
Minister of Finance considers housing to be one of the most structural problems in the country and admits that the answer will take a long time. In order to bring inflation prices closer, he argues that it will be necessary to increase the supply a lot.
The problem is not the result of pressure from the demand side, but the "negative pressure from the supply side".
The rise in housing prices in the last decade is one of the country's "most structural" problems, which will take time to resolve, and it is necessary to "increase supply a lot", said the Minister of Finance in parliament today.
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