Portugal's housing crisis is worse than the UK's

[pellinore]

Average rent in Lisbon is now just over €2,000, while the minimum wage is about €760.

Portugal is currently grappling with a severe housing crisis, triggered by an increase in foreign investment in property and a lack of affordable new homes.

But it's not simply an issue of supply. Researcher and activist Rita Silva, who helped set up the housing movement Habita, says there are "more houses than people, but prices don't go down".

She adds that the current crisis - which has sparked numerous campaigns pushing for more affordable housing - has spread across the country over several years following the financial crisis of 2008.

Portugal housing crisis: 'I'll have to move back in with mum' - BBC News

Edited May 28 by pellinore

[Alchopwn]

2 hours ago, pellinore said:

Average rent in Lisbon is now just over €2,000, while the minimum wage is about €760.

Portugal is currently grappling with a severe housing crisis, triggered by an increase in foreign investment in property and a lack of affordable new homes.

But it's not simply an issue of supply. Researcher and activist Rita Silva, who helped set up the housing movement Habita, says there are "more houses than people, but prices don't go down".

She adds that the current crisis - which has sparked numerous campaigns pushing for more affordable housing - has spread across the country over several years following the financial crisis of 2008.

Portugal housing crisis: 'I'll have to move back in with mum' - BBC News

When madness wears the crown, wise people leave.