The Government says it will strengthen the public housing stock, boost affordable renting, and modernise town planning licensing procedures. Of the more than €2 million allocated, €1,071 million is earmarked for programmes to increase the supply of public housing and regenerate the public housing stock.

Support for renting

Support for renting, through programmes such as Porta 65+, Porta 65 Jovem and PAER – the Rent Support Programme – as well as Investment Contracts for Renting (CIA), will receive funding of €917 million in 2027.

Housing crisis

In the document presented to the Assembly of the Republic, the Government considers that the housing crisis stems from an “accumulated shortage of supply, which has led to price rises far outpacing household incomes, exacerbating difficulties in accessing housing, particularly for young people, the middle class and vulnerable families”.

The document further adds that the budget’s priorities include increasing the public supply of housing, alongside private and cooperative provision, in order to improve social letting. This type of letting would become more affordable, with more moderate costs. The State also believes that, within these same parameters, it should increase the supply of permanent owner-occupied housing at controlled costs.

Private investment

The Government also intends to “mobilise private investment through public-private partnerships involving state-owned properties, and to implement the funding programme for the 45,000 homes excluded from the Recovery and Resilience Plan”.

Set The Portugal News as your preferred source for news on Google

GoogleAdd as a preferred source on Google