Portugal Unveils Plans to Build 59,000 New Homes to Tackle Housing Crisis

The Portuguese government is determined to address the pressing issues of the housing crisis in the country by announcing the construction of 59,000 new homes. This initiative was unveiled as part of a broader plan focusing on affordable housing support and creating stable market conditions in real estate. Infrastructure and Housing Minister Carlos Martins emphasized the importance of this decision, noting that the current situation in the housing market calls for urgent measures. The proposed initiative aims to assist numerous citizens struggling to find affordable housing.

The program will not only involve the construction of new properties but also the renovation of existing ones. Special attention will be given to regions experiencing the greatest pressure on the housing market, such as Lisbon and Porto. Authorities intend to simplify administrative procedures to expedite the construction process. The ministry also plans to engage actively with the private sector to attract investments for executing this ambitious program.

In recent years, the housing situation in Portugal has worsened, causing concern among the population. High property and rental prices have become significant barriers for many families, while the demand for housing continues to rise. In response to this challenge, the government hopes that its new initiatives will make housing more accessible and create conditions for sustainable growth in the real estate market.

Construction of new homes is expected to commence in the coming months, marking an essential step toward improving the housing situation in Portugal. Citizens eagerly await concrete action from the government, hoping this will create opportunities for enhancing the quality of life and supporting economic growth.

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