"Just fix it": Portugal housing crisis keeps getting worse
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- Опубліковано 4 січ 2024
- Portugal is grappling with a housing crisis so severe that young people are being forced out of the country. With some of the lowest salaries, yet highest rent and house prices in the European Union, people like Diana have no choice, at 31, but to live in their family homes.
For those who don't have that option like Beatriz, 24, the cost of living is so high that they've had to choose between studying and paying rent.
In Portugal, the home-ownership rate among young people has plummeted by 50% over two generations, leaving Portugal's youngest generation with one request only ahead of the upcoming elections: "just fix it".
#portugal #lisbon #housingcrisis #rentprices #porto
Correction: at 4:58 the EU average isn’t 45%, it’s 37%.
As a Portuguese living abroad, this hurts how utterly true it is. I love my country, but it has never loved me back, so I stopped waiting for it to do so.
Your comment resonates deeply with me. As the grandson of "colonistas", it took 6 years for the Portuguese state to approve my citizenship, where I have seen Afgans and Pakistanis receive their golden visas in 2 months.Imagine my surprise when I arrived at our family home in Lisbon to find that the same family has been squatting there for 47 years and now intends to legally challenge our intent to sell the property they pay EUR91 in monthly rent for (NOT EUR850!). The housing crisis is nothing new. Ask the retornados of the 70s and 80s. The actual underlying crisis is the Portuguese political class. É um bicho de sete cabeças, e o povo paga o pato.
I'm now trying to move abroad and I feel the exact same way. Our Portugal is a beautiful country and I don't think there will be any other place where I will feel at home the most, but I'm tired of barely making ends meet here in a constant basis. Salaries that are still looking very close to how they were in the 1990s and are just not even close to keeping up with sky rocketing inflation is leaving me no other choice than leaving. Sad how our government clearly sees how we're all leaving and they just don't care at all.
As a young adult from the Netherlands, I can empathise a lot with the portuguese. We also have a housing crisis but it is nowhere near as bad as the situation in Portugal and our causes are different. Nontheless, many young adults in the EU are coming out of school to a reality where getting a house is a luxery, not a normal next step. It's a sad state of affairs
Would say the one thing I think the Netherlands gets right is the assistance for getting a house
100% mortgage and. No transfer fee before 35
@@wiicow lel Dutch people have to wait for 12 to 16 years for social housing while violent East African gangsters and Arab terrorist sympathizers get priority.
The causes are the same... Too much foreigners, too much immigration, too much tourism!!
Finalmente os Portugueses estao a falar. Foreigners are bragging about how cheap things are. Well, they're not so cheap for people who are earning minimum, or close to minimum wage.
Something has to be done or the only thing it's going to bring is animosity.
É verdade ! E vejo muitos cornos a comentar merda por aqui que não fazem a menor ideia do que estão a falar
@@IMAHATeR-ej1lo vai po crl
They're not cheap for the middle class let alone those on minimum wage wage
I saw the other day a couple of German tourists praising Portugal in general and then mentioned the grocery prices, which they said are about the same as in Germany and they were positively surprised by that. Well they forgot the fact that our salaries are VERY different 😅
@@yunie20
Mas a surpresa desses turistas, foi exatamente porque os preços eram idênticos e não mais barato, como certamente esperavam que fosse.
A verdade pura e dura é que para que Portugal não tivesse perdido valor de compra nestes últimos 40 ou 50 anos a grade salarial já deveria estar a começar nos mil euros e aos 22 anos nos 1200 euros, 1500 euros a partir dos 25 para estabilizar pelos 2 mil, 2500 ao atingir os 30 anos de idade. Mas dizer o quê ? O Estado é guloso na cobrança de impostos e simplesmente segue a agenda globalista ocidental de empobrecer quem investe e quem produz.
Andam por aqui a queixarem-se do preço das casas que em 1974 valiam 50 000 escudos e agora passados esses 50 anos as mesmas casas são vendidas por 300 mil euros.
50 contos em euros, deu o valor de cambio na troca de moeda o ridiculo valor de 250 euros ou seja casas de 250 euros valem hoje já velhas 300 mil euros, caramba que maravilha termos políticos e economistas honestos.
Os salários subiram de 2 ou 3 contos para 800 ou mil euros e as casas de 50 contos para 300 mil euros. Falei com um português que nos anos setenta arranjou trabalho na Guiné como instrutor auto e disse-me que foi porque lhe pagavam 5 mil escudos, essa é a realidade da vida.
Portuguese here with two daughters, 22 and 27. None of them will be getting out of the family house any time soon… maybe if we win the lottery. Both with college degrees.
It’s happening here in the Toronto region. Freak show in the making once it comes to housing.
Thank you for bringing this up to attention, to add, you could've talked about the fact that homeless people % are also going up because of that, in 4 years it went up 78%.
Thank you for the feedback! There was so much we wished we could have expanded on -- homelessness rates, empty houses, unemployment, flipping of existing housing by foreign real estate firms, the list goes on! Hopefully this is a clear enough picture for people to understand the situation, but we'll have to come back to this soon!
Glad that the young people are actually talking up. This is a Eu problem
@@gk505 Not only that. In Portugal there is a lack of construction. In the last decade we constructed only about 10% of what was usually constructed. Moreover, most of the new construction is for high-end houses.
Besides the problem of construction, there is probably also a lack of renovating old houses other than for short term renting (e.g. AirBnB).
And while statistically we actually have more houses available than we need, there is also the issue of many of those houses not being located in the vicinity of the areas with the most/best jobs.
@@pedroalbuquerquebs Plus, many housing units remain unoccupied; the investors are just letting their value appreciate before flipping them.
Correct. The money is sick. People dont understand money and tend to want to politicise any problem. Neither the left or the right can do much when you corrupt the underlying monetary fabric of a society.@@gk505
Correction: Minimum Wage 2024 - 820 eur and One bedroom apartment rent in Lisbon - 1300 eur
Hi, that's the wrong data. 820 is only true if you take into consideration 12 months, but the Portuguese minimum wage is distributed across 14 months, so starting Jan 1st 2024 it actually amounts to over 950 euros per month.
Regarding rent costs, you're welcome to look up Idealista's 2023 research to double check our data!
That is correct. A bedroom is rented out for 600 euros. Average rent in lisboa is about 1900 euros
Portuguese here, i left when i was 21 I'm 33 now, i constantly get asked if i would go back, i would love to, i love being there but i would have to move back with my family it literally feels like walking backwards
Just out of curiosity where did you move that you found a decent job and could afford to buy a house of a flat ? Because for me entire Europe now is to expensive to live not to mention buying any type of property 😮😮😮 prices are extremely hight everywhere 😮
@@carolinareaper8089 try slovenia bulgaria romania
I'm a 32 year old computer science major and I still live with my parents, in a small coastal town that barely had anything. At the end of the year our lease is up and our landlords haven't said if or how much they're gonna increase the rent, or if they want us out so they can turn this house into a short term rental. I've seen comments complaining that it's too hard or takes too long for development licenses to be approved, but in my town as soon as short term rentals started being a thing a ton of delapidated houses suddenly got renovated or rebuilt to become short term rentals. Even an old hotel started being looked at but apparently the owner had to flee to Russia due to corruption scandals.
The issue affects everyone under a Portuguese income. The real state is focused on investors, not those who needs a home.
Several homeless have a job in Portugal. It's a massive disgrace.
Supply is the central problem. Other European cities/countries receive a much larger number of tourists, but their national supply of housing also increases by 3-6% every few years. Portugal's not building enough new housing and has senseless policies that disincentivise the renovation of existing properties.
The demand is the problem not the supply. You can't build skyscrapers in Lisbon and to build enough houses for the huge demand it would take many years, not fast enough, while a big quantity of people keep arriving every year. The houses that are being built are mainly for rich people, because it's easier and lucrative for the builders.
@@joanacoelho1804 The supply is absolutely the problem, no questions needed. It's much easier to build new things than to forbid people to come in.
@@diogorodrigues747 The problem is "NIMBY" and to maximize ROI.
@@joanacoelho1804portugal has over 700.000 abandoned buildings. Stop blaming foreigners and stay blaming the terrible government you elect
@@meio_feioI blame the government but the demand by foreigners is part of the problem.
I am a Ukrainian living since several years in Portugal, this country has become almost my second home, I finished a Master's degree here, now working. The tendency towards favoring foreign investments and in general rich foreigners over their own people in Portugal is very disappointing, at least for me as a foreigner who works the same jobs as the Portuguese. I can see that the most motivated young people are leaving the country. But, in my opinion, the approach "just fix it" is not going to bring anything good because to get out of the current situation the government needs to come up with a very well thought plan, not just hectic measures that we could see the government implementing recently. Lack of strategy is what caused this situation
One of the problems that I think many have forgotten is that big cities are full and rural areas are empty. The economy is based on tourism, we import everything, there are few jobs and they are all in the big cities. This is unsustainable.
Exactamente!
This is true in many countries. people vacating the rural areas and moving to metro areas. And young people leaving the country.Italy and Japan, as strong examples of this.
That's because young people are bored with the country; they are dazzled by the bright lights and discos of cities . . . and when they get there, what do they do? That's right: play with their devices.
As an adult who have a degree I hate the fact that universities and schools are mainly in big cities. If companies and universities and actually all central government departments are located in capital city and top 3-5 biggest cities we wouldn’t have this issue. If you are forced to move to a city because you want a degree you have to pay rent and stay where school is . They you have to stay because work is in the city. And tuition still rent because maybe you don’t want to live in the city. I don’t. I want a house hear forest. Near some calm and quiet area , with nice neighbours whom I would know and have bind with. I adore older people and their company. I don’t need all „fun stuff” that city offers. I hate the pressure and crowds and loudness of the city, I don’t need traffics. But I can’t afford a standalone house. It costs way more than a studio flat in the city. But living here is like a rabbit or a hamster cage. 😮
I've lived in the UK and France for decades and many of the problems mentioned here
exist there as well. Ultimately it's not how much one earns but how much one is able to put aside each month, the average Brit, especialy younger people have 0 savings due to the high cost of living.
HOUSING SHOULD ONLY BE OWNED BY PEOPLE , AND MOSTLY BY PEOPLE LIVING IN IT~!!!
This is the storey of all young people in the west. Unless you are lucky or have parents that can help you get on the housing ladder its very very hard. Generationally we are getting poorer. All the lost wealth is in the pockets of the multi nationals.
*"I don't care who we have to piss off, just fix it"*
É isso mesmo.
As palavras dela são palavras nossas.
Just fix it - parece uma crianca a falar pros pais.
Mass migration from between EU citizens and non-EU citizens, together with literally no investment regarding building houses for the average ppl, resulted into to this huge problem in Portugal. In 2008, there were 120.000 houses being built every year, the average from the last 10 years is 20.000, most for the super rich, where built companies can still profit. There's a huge political lack of action regarding this issue, where there was literally zero reforms in the system to block migration and remove taxes from new builds for the average of the ppl. This is a political problem.
Not to forget just how long of a process it is to apply and be granted planning permission to construct new properties. I know people who have been waiting over 3 years for planning to be granted on properties, a job which in other countries takes no longer than a week. This tremendous back up, and understaffed council institutions also creates another reason for construction companies to only focus on working in high end projects. They can't wait around 3 years to then only make a little profit on an affordable house, meaning their projects and profit margins must account for the delays and bureaucratic set backs. Not only the rent prices must change, but the government must better fund the possibility of companies creating affordable homes. Portugal is a great country, just with seemingly consistent awful politics.
@@Jordan-kw9jn and forgot to mention that part, it's not possible to predict profit, if you need to wait 3 years (or even more!!) for approvals, this process really needs to be simplified. Mostly now with huge raw materials prices changing/increasing rapidly
How much is it an immigration issue vs foreign and national investors buying up all the supply. Surely more people increase the demand, but I am wondering the weight of the issue. When I was living in Brazil on a student visa, my landlady owned 12 apartments and she would squeeze every real she possible could out of them. She was a greedy old hag (kicked me out before the lease was up for a tourist willing to pay more). While I do feel bad for the local population, I am trying to flee the housing crisis in my own country and it is hard to feel like I am doing the same amount of damage simply trying to rent (ideally own, but even abroad that is difficult) just one apartment for myself to live, when there are landlords national and international alike who are hoarding the supply.
I just hope the solution comes in the form of building more housing, restricting the amount of housing someone can own and redistributing from the haves and have not, rather than outright banning immigrants. Coming from the US my country will never, ever, ever, ever, ever, EVER fix their social issues. We still don't have healthcare after a global pandemic, the vaccine isn't even free any more. There is no hope of us ever fixing our own housing crisis. I don't want to cause harm to any local population, but I really don't see any way out of this mess other than immigrating to another country.
The solution is to restrict immigration and to impose laws against speculation @@alastairhewitt380 It is an inconvenient truth to people that are coming/ are here but there's nothing to do about it. You can't have your cake and eat it too.
@@alastairhewitt380 Both of these problems are linked together. Mass immigration to Portugal is happening, but nothing is being done to accommodate the needs of housing requirements for the amount of people arriving here. Immigration will always happen, but the government isnt thinking their actions through (can you believe that? 😮). While many are scapegoating immigrants and 'digital nomads' as the main source of the problem, they are completely overlooking the foundation of the problem, which as always is the government...
"I don't care... just fix it."
Children talk like that...
Desperate people talk like that *@@paulboston992
I agree, it's extremely childish and only leads to more problems.
So selling EU citizenships to fix your economy turned out to be a stupid idea. Who would have thought?
the problem hasn't been selling EU citizenships, high income people usually won't want to live in middle or lower class houses. The main problem is airbnb without a doubt, we get double our population in tourists every year and they now get to stay affordably at a place that takes up 2-5 times the space of a hotel room that could've been rented to a local but it's financially dumb to because you can just make triple the money renting it on airbnb or other websites like that.
Não Diogo, o problema são todos!
É um problema de várias frentes.
E a quantidade de pessoas que têm vindo de países com maior poder de compra têm prejudicado e em muito os portugueses.
So, you only care about your envy for the rich. Tell me you'd crash any country without telling me you'd crash any country...
@@jorgecoelho4051 O que queres dizer?
@@rogeriorento9730 nop... Diogo is right. There was never a housing issue in parque das Nações or Cascais, as it was traditionally expensive and it are still two of the most dynamic markets in Lisbon for foreigners.
The issue is all the downtown neigborhoods/housing being closed, recovered and rented as hotels/Airbnb.
Every house that is recovered as a AL place, is a house put out of the market... it is even worse as we are talking of places where there is no construction... that affects also the local stores. hard.
Keep in mind that even if the country started today to build affordable housing in numbers big enough to accommodate the demand, this crisis would not be resolved in 10 years. So if you are in your 20s or 30s and expecting things to get better in time for you to organize your life, then… think again!
Come th fk on I've seen skycrappers built in less than a year
You forget to mention non EU immigration from CPLP, even Europe union are worried with the amount of people Portugal are letting in
Yes that's the biggest problem. Canadians should be banned from buying in Portugal since the Canadian government is banning all foreigners from buying real estate in Canada. So why are we so nice to Canadians and Americans who also make it extremely hard to buy in the USA ?
@@CarolinapetroskaBecause it's not an efficient solution if you still can go around buying through investment funds.
You ban the Americans from buying property, they in turn will just buy them from an investment fund. The funds buys your property and later transfers it to you.
The solution is to just full block and give the middle finger to investment funds from buying property or just let them invest in construction of complex where for example 30% of the houses have to be for the middle/lower classes
estás a dizer que são uns fdp?@@Duspringsteen
@@Carolinapetroskabecause the bring money which the country needs due to lack of public investment and structural poverty, I'm not saying it's ok but since you asked why, that's why
yeah young portuguese people have to struggle but when its time to vote, they always vote on parties that only promise what they want to hear. the reality in Portugal, our population is getting old and our politicians know that, so most of the policies here are centered to them, pensions and subsidies. our minimum wage is 820€, but then the governement takes 9/11% from that and house rents are usually 700/900€. even a small bedroom can cost you 400/500€ p/month... we have a huge financial literacy problem and the state likes to keep it that way. basically, portugal is becoming the gipsy of Europe and can only survive with subsidies from the European Union.
O facto do socialismo estar a governar durante 15 anos seguidos deve se aos subsídios vindos da europa a manter portugal a respirar apenas o suficiente para não sufocar
The tourist sector in Greece is approximately 22% of its GDP and still has the cheapest entry point of the European Union for residency permits by real estate investment. Sad truth also, Young Greeks are fleeing the country, no future.
And then they flood western EU cities putting wage Nad housing pressure on the locals there. They're exactly the same 😂
estás todo mamado @@mysterioanonymous3206
I am very fond of Portugal and feel for those who can't progress their lives or even meet their basic needs because of this crisis. I'm not qualified to suggest a solution but never the less I have my thoughts on the matter and certainly a lot of discussion is needed to find a route out of the problem. Change has to be radical and has to hit this on multiple fronts. Taxation without hitting the poor and those with minimal wages. Controls and incentives to limit the number of air bnb's and the like and also property lying empty. Laws to protect the rights of tenants. Movement of businesses and government offices to smaller towns and cities to take the pressure off Lisbon and Porto. Etc etc I'm an outsider but I really really hope this matter can be resolved and soon.
It’s a global crisis. In some parts of the world is worse than others. In the United States the salaries are higher but depending on where you live, it’s impossible to afford a home of your own. In NYC, a home can be around $500,000 outside of Manhattan. You can live in a different state but the job opportunities are low and infrastructure is basic.
There's a HUGE American migration to Portugal. Snapping up property and pushing up house prices, even for the locals. It's a sad situation.
"even for the locals"? Especially to the locals...
Forgive me, English is my 4th language...@@luisfilipe534
Portugal has one of the highest average age in the world and the fertility rate is way below the replacement level. Stop blaming immigrants and start doing something about the insane amount of empty deserted buildings at the heart of your cities!
Not true. Pure media nonsense hype. I've lived here for years. The American population is only 9000 out of a total population of 11 million. And half of Americans give up and leave after a year. Most Americans who stay are fixed income retirees. The majority immigrant populations are Brazil, England, France, Romania, Angola, Cabo Verde,....
@@smynhn47 exactly!
Unless they make a law that only Portuguese people could by houses nothing will change. I see many foreigners who wanted to start a business is leaving Kafkaesque Portuguese system. The government with their taxes are doing an amazing job to kill young enterprises
Kafkaesque is a sublime description of the parasitic Portuguese state. Spot on.
Um grande obrigado às duas pelos testemunhos. A imigração em massa tem destruído Portugal por várias frentes.
45 here....living with my parents....
Very shocking!
I might get some hate for it, as my situation is better than the Portuguese, but The really really crazy thing actually is that I as a foreigner (so income tax reduction; not a nomad though, I live and pay taxes here) in an international senior position (with its neat wage) will likely need to try to find a cheaper rental, because I just cannot afford the Lisbon rent anymore. I really have no idea how much money people make who afford the fancy downtown apartments with the newest cars, eating in the fancy restaurants every week, 7-8-10 thousand euros a month? Based on Idealista, apartments in the Lisbon area that are under 900 euros a month are like 5 percent of all available rentals. Something must be done asap
Taking into account how bad the housing crisis really is in Portugal, it should be criminal how many houses and apartments get built and bought and then no one lives in them for the most part of the year. Seriously, one walk through most cities in the Algarve at least, and you'll notice how many houses and apartments have their blinds down with no sign of life in them. So many people who want to rent for the whole year and so many empty houses...
Completely agree
Algarve has been an historic summer holliday destination. It has always been like this... this is cumulative thing, but it is not a "new" problem.
@ which means the housing problem started earlier here and Porto and Lisbon followed after, believe me I know. Most ads you see online for places for rent "kick you out" in May so they can rent for even higher € in the summer months. it's always been like this but I feel the overall need for a place to live is very different now as the Algarve is very saturated because of immigration and whatnot.
The government should forbid AL/airbnb in Lisbon like so many countries have done for their capitals. Berlin did this to keep rentals for residents.
@@yunie20yup...agreed! The idea was also for foreigners to create new companies in Algarve to give some push for employment... But forget about it... Mainly retirees are coming over with no business/work desire.
I have recently returned to Portugal after 38 years in the UK I love this country with a passion, I never lost the compass of where I am from ...........These problems make me sick in the center of Lisbon you have boarded up historical building purchased by chinese investament funds doing nothing..........pathetic
This problem is as simple as this: there are not enough houses. In the past, in a single year, we built more houses that the entire alojamentos locais in the country. Now construction has went downfal...
Great video! In Madeira Island the situations is getting really ugly too! Madeira Island has the most expansive housing in Portugal right now! :(
O último que apague as luzes.
Thank you for the video. I have read that many countries in Europe are experiencing similar housing issues with skyrocketing rents. It saddens me that the Portuguese people are having such a hard time. Does anyone have a plan to help the situation? I live in the U.S. and prices have dramatically increased here as well. My son had to move back in with me due to high rents. I believe it’s because, at least in part, that real estate skyrocketed when large corporations started buying up properties at super inflated prices.
Thanks a lot for the video!
Kind suggestion: please lower the background sound, it's too loud and overwhelms the comprehension, especially if you have hearing impairment and rely on CC. Thanks
Noted! Thanks for the feedback!
Que surpresa você aparecer na minha timeline, Diana!!! Adorei!
Otimo video
Real estate speculation by foreigners is making impossible for locals to buy or rent a house
and what about the locals who own all those empty, vacant buildings at prime locations in all your major cities?
@@homyce those places are incredibly expensive. You know why? Real estate speculation and price of construction.
@@luisfilipe534 they won't be expensive if the government levied heavy taxes on empty buildings, forcing the owners to sell them or alternatively renovate and rent. Doing this will flood the market with inventory and will lower the prices and revitalize many downtown areas. Everyone happy 🤷♂️
@@homyce makes sense... But the only problem is that all construction companies are working where they money the most.. luxury real estate for rich foreigners or hotels.
@@luisfilipe534 in most of the cases you don't need big construction companies, remember that these are already existing buildings and in most of the cases they just need to be renovated and brought up to standards. Regardless, at least taking such measures will cool down the market, and weed out speculators.
At this rate, there will no longer any young people left.
I would love to return my native country but the stability and wages in Canada are so much better.
Portugal needs to keep their youth with good wages
Dá-le que é de Almada!!!
Sou de Almada, vivo na Irlanda há um ano e meio. Sem dúvida que nunca quis sair, mas infelizmente tive que o fazer. Boa sorte a todos!
Mas olha que na Irlanda comprar casa é impossível. Qual o teu plano?
Tal como noutros países, por exemplo a Tailândia, os estrangeiros só deveriam puder fazer leasing de propriedades em Portugal e não ter propriedade total das mesmas.
Concordo em pleno com esta medida.
Happens in Thailand and Bali too
I first went Portugal in 1985. I had been to Mexico many times before that... And Mexico was very inexpensive. I remember being very surprised that Portugal was cheaper than Mexico!! I wondered how long it would take before many people started to see this?
A group of specific people is earning a lot of money with this housing crisis, the construction of new houses is not happening due to the lobby of that group of people who are focused in hotels and airbns.
new construction is happening, but at least in my town in the Algarve it's all from 300.000€ upwards :) definitely not for the common Portuguese.
It's so out of control everywhere. All these middle class foreigners who have been priced out of their own country only to increase living cost else where. It's happening just in between state lines. Smh
And now those young Portuguese go abroad to work and put wage and housing pressure on those locals there. They're exactly the same 😂👎
@@mysterioanonymous3206 Except these young people are not travelling to more vulnerable countries to exercise their larger spending power on local economy, they're going to better off countries to work the same or less than they did back in Portugal and still have a better life.
@@vaan_ that's not how that goes. The company owners and landlords gladly take them but there's plenty locals who aren't well off and experience all the negative effects of said immigration. I could also say every house that is bought in Lisbon makes their Portuguese owner rich and brings business to the cities small businesses... Same thing. Again, they do the same thing just slightly different, but the effect on the locals is exactly the same. The west isn't a monolithic block of rich people that owe you stuff. Homeownership rates are much lower there so what do you think immigration does to the young natives chances of owning? Much of the west is more expensive than Portugal right now (even relatively speaking). You think natives want the competition there? Plenty Portuguese who cashed in big time on all this so take your complaints there...
@@mysterioanonymous3206 isso é tudo muito giro mas ponham-se mas é no caralho!
@@mysterioanonymous3206Did you really just try to say price gougers will enrich the economy out of the goodness of their heart? LOL trickle down economics really?
You realize there's immigrants living in the double digits in small homes right? You also realise there's massive foreign investment into real estate? And that there's a very visible elephant-in-the-room issue that is human trafficking routes using Portugal to get into Europe?
You have no idea what you're talking about, but honestly I'd love to live in the fantasy world you live in.
Grow up.
It's not cheap. Even for all Europeans
I do believe limiting Airbnbs and requiring abandoned homes to be rehabbed or sold off will reduce or stabilize rent prices.
Portugal é um bocadinho maior que Lisboa. Mas mesmo assim está mau em todo o lado. Em Março toca tudo a votar ps......
Diana Tavares speaks the most sense
But Diana Tavares has a huuuuge advantage over other young people, she's living with her brother in their "family" apartment, meaning that she's not paying rent :)
@@ugoinsidevideo That's an assumption you have made.
@@ugoinsidevideo If you listened closely which you didn’t. She said she would vote for a right or left wing party to get the Portuguese housing issue sorted out.
@@mrraccoon6264 So what? Me too, but imo she clearly doesn't fit in the profile of someone who struggle to find a house.
She still can't afford to buy a home if that is the case. I don't recall her saying she lives at home for free. Where did she say that 🤔
Thank you.
Our situation is even worst than most european countries, due to years of Golden Visas and many other factors.
While in many countries the house pricing went up 2-3x.
In Portugal in many areas it went over 5-7x at least the price, far too much immigration and too many golden visas.
Golden visa não deram nem pra 100mil pessoas e ajudou a resgatar o Estado Portugues com suas contas públicas falidas.
They hand out Portuguese passports like sweets whether it’s to rich Chinese and Americans citizens. Also I have noticed that the Brazilians have no problem getting a Portuguese passport . In my country they have them and they can stay on in the EU. There should be a cap on how many years back these people can apply for a passport.
We need to understand one thing in Portugal and the rest of Europe we a 'Land Crisis' not a Housing Crisis. The land is held in the hands of the few, they do not pay tax in most european countries for holding that land.
This is no running away, its literally the reality everywhere.
There’s no running away I agree that’s why we must stick together and fight!
I get that tourismo boom was good for some investors in our country, but this fame came with big consequences, now we are paying the price, and i really dont think it will ever get better. Sad but true. Its not only a portuguese problem, many other places are suffering from housing prices. In Toronto where i grew up, its insane . Almost everyone i grew up with had to move away from the city center, because they dont have money to compete with foreign investors.
Many incorrect facts here.
In portugal, in 2023, minimum wage was 760€ a month (On which you still pay taxes on).
One bedroom apartment in Lisbon for 850€ ? I have no idea where you find one at that price, hit me up lol.
In all seriousness, you can't find a full apartment below 1000€ month here in the Lisbon area (In amadora or Below the tagus river you can though).
760€ on 14 months. 886€ on 12 months before taxes
@@Duspringsteen you only receive that help twice a year. January through June -> 760 and August through October -> 760.
@@andrecruz1965 yes and its not help. its part of your salary
@@andrecruz1965 It doesn't matter. You can't just say the minimum wage is this when a lot of people receive it in 14 or 12 months. The wage in Spain is in 12 months, we have to make the same math with the numbers of months in a year.
Or better yet, just say the minimum wage is 10 640€ a year before taxes.
@@Duspringsteen
Ok, I forgot that in the months that people receive 760€ they can just tell their landlords that the extra money comes in July.
You can't fix a problem that has derived for the past 15 years the PS party did nothing to combat it , now you have a problem of supply and demand
Housing crisis is bad everywhere in the world, in UK and US is a problem with decades and decades, people need to have in mind the housing market is dominated by American real estate companies with a galactical secondary franchises, that is using this period of financial crisis and inflation to profit like never before, in result of that people all over the world are going homeless and barely surviving to pay rents, the best strategy governments can do is to start to block companies and rich people to buy several properties but this will have also have a big cost for governments and can result on government cutting several social benefits, its a trap for everyone, except for the rich people but something need to be done even if bigger sacrifices are needed.
Chega!
Even buying is a problem, foreigners starts bidding wars out pricing the houses for the Portuguese people. It's absolute madness! It's even becoming a problem in central Portugal!
Have you been personally affected?
Yes I have. The English people drove the price of the house in Cotimos up to almost 10000 euros over asking price. A year later, they have it back on the market for 61000 euros more than what they paid. I am a returned portuguese citizen with a very fixed income. This behavior is not good for me or my young adult children who have returned back to Portugal with me.
W are we supposed to survive.?
How.
This is just disgusting...just empty-headed-high-confident people with personal interest running the show for over 40years
This country colonized half the world , skrewed all of its colonies !!! (Time and Time Again!!!) Became poor and extreamly xenophobic and now wants your simpathy...
és um drogado @@ciroweinstein8627
Isso mesmo. Se chamam socialistas.
Lol, owners wanted cheap labor, they got it.
And the rich get richer.
That's why I left there 25 years ago, because before it wasn't good, now it's horrible. And if we want to see results, vote for the Chega party, now on March 10th.
Ask your government to get rid of short term rentals
Not only in Portugal, the situation here in Israel is horrible, rent is about the same as the minimum wage or more, and most young people have no savings because of many years of unpaid forced labour in the israeli military because of the fascist israeli government that has been exploiting and extorting us our entire life with the military and the monopolies selling us shitty food for the price of gold, the highest prices of food and living on earth and a very poor hard working population that doesn't see the end.
This is terrible, but it's by no means unique to Portugal. Between 2010 and 2021 prices increased by 60% in Portugal. They have more than doubled in the United States in that same timeframe (More than 100%).
Yes! It’s an EU-wide problem too. Housing prices have increased exponentially. Yet what’s specific to Portugal is the reason - which also explains why salaries have in no way followed the rise.
Right, but then you might have wages that can still make it possible to buy a house. Thing is, Portugal is now practicing almost US/Ireland house prices when people's wages are nowhere NEAR there. The average monthly gross income of a portuguese adult is about 1200€ (which considering the tax rate they practice, is about 800€ net)
Não nos interessa se é único a Portugal ou não. Quem cá vive somos nós. E a imigração em massa tem destruído o país
Sure, and a McDonald's worker in the US makes 45k a year while most portuguese will never make more than 20k a year
@@LPrulezAndrethey wish lol in the poorest states is around 20k.
I feel, many of the people that are commenting postas de pescada didn't realize that we, portuguese, are complaining about the *mass immigration* itself and not immigration as a concept.
The problem is that there are too many people coming at once! Half of the migrants that came in the last few years (digital nomads, "golden visas", others) shouldn't have come!
There needs to be first a stable economy and rights to the portuguese!
There needs to be proper cultural integration and that requires time (literally!).
Too many people at the same time!!!!
it's simple, but the authors of the video didn't say a word about the reason for the increase. the problem is not in golden visas, but in the country's migration policy, now every tenth resident is an immigrant from the former colonies, people can easily come and immediately receive a resident card - they do not need a visa, do not need investments - just come and get the opportunity to work and live here. the government is trying to solve the problem, but from the wrong side, blaming the rich for everything. but it is beneficial for them that people come who are ready to work for the minimum wage, so the economy will show growth
Its a combination of factors golden visas being one of them, yes.
Million immigrants and how many golden visas ?
People, wake up, rich people buy something more than 500k euro to get golden visa, but immigrants from former colonies are renting cheapest apartments from market
Please don’t forget that there’s a housing crisis in many parts of the world including the US. I’m guessing the relatively small % of golden visa immigrants buying up mansions is not likely impacting normal housing. They support the local economy, though this will also cause some costs to increase.. There are many expats fixing up cheap ruins that many locals aren’t interested in, in terms of condition and location. The government should definitely give tax breaks and low income rent subsidies, plus construction loans to help this crisis. But also, one’s own creativity and willingness to make compromises counts for a lot. Young people generally prefer the big cities with all the fun, jobs and amenities. But perhaps buying a house in a boring village and working remotely is the best option. The fact so many Portuguese have left the country over the years has also created space/vacancies for foreigners to move in. It’s a complex problem. Now that the non habitual tax residence program ended, fewer expats will want to move there; especially those like Americans who are taxed abroad (double taxed).
"Small"
Small enough to inflate the houses prices!
We need to restrict immigration ASAP!
No wonder extreme right parties are gaining power across the UE.
The detriment outweighs the benefits when it comes to the current amount of expats
Stay home!
Barcelona, Alicante, Mallorca, Málaga...the same what does have in common?
Sunshine and affordable-ish prices
@@mysterioanonymous3206 you re missing the reddish/white tourist buying houses and gentrifying the place but yeah, that too
@@MrCanalon you think Berlin, Paris or Stockholm aren't being gentrified? 😂
Spanish and Portuguese workers absolutely flood these places to find work and drive wages down and housing up for the locals. You've been doing it longer than you have been gentrified yourselves so perhaps take a good look in the mirror.
Spain is far from being in the same situation as in Portugal regarding housing, there are state helps for young adults to buy houses and construction is still very high in Spain in general, compared with Portugal. Most Portuguese near frontier, have bought or rent houses in Spain because everything is more cheap there (gas, food, housing, cars and so on), and most still work in Portugal.
@@ApolloPTT where?You'd be right talking about Extremadura, Castilla y León...but I happen to live in the Balearic islands where the place is overrun by tourists and RE speculators. There are RE agencies that won't attend islenders only foreigners, properties for germans only...they apologised after the backlash but yeah I see 0 coolness on "expats" they are just in to look like they are rich in the middle of poorer people than in their places
The Portugal needs to learn from the Hongkong in the housing sector. 😊
Can you expand on this? I'm not aware how Hong Kong deals with housing.
Meanwhile, everyone keeps voting in the same party.
How can you expect change, when you keep voting for the same corrupts in power?
Concordo, o PS é um pedaço de merda
It is impossible for the young people of portugal to usher in change because they are outvoted by the 25 Abril generation that simply refuses to die. They don't vote for political parties per sé... they vote for free false teeth and food deliveries to their doorstep. The collective narcissism of that generation is astonishing.
I've worked in a NGO in Portugal housing entire families who at short notice lost their homes. Imagine both parents with kids splitting bunk beds, EMPLOYED parents, who during the day would leave their kids with us to go to work. How can you make 800 euros per month and the rent is 900? The amount of homelessness was growing day by by day, a lot of people begging in the streets. No it's not the digital nomads fault, or even golden visas ( they exist also in Cyprus, Greece and Spain for example.) The problem is corruption of the government, and the overall attitude of the people. Nobody does anything, no riots, they just pay and shut up, for then to complain on social media. Housing crisis is everywhere in the world ( invite you to dig in Australia for example). It's the attitude with that problem that dictates things. And Portuguese people, literally do nothing. Their services barely work, trains constantly off, everything is super expensive ( except alcohol of course!). In the NGO we worked alongside the social security services, speaking daily with workers that could barely count to three let alone manage a crisis. One point that I find important, is the consumption of anti depressants in Portugal. It's huge. It's demographic speaking a very old country, and most people between 30 and 50 and high as a kite on anti depressants. Youngsters try to survive and carry the country on their backs, while landlords who bought homes in the 90's for peanuts, now screw the younger generations. It's mainly their fault. Plus the government who let's foreign investors buy properties, and let them empty, only to launder money. Nobody does anything. If it was in France or in other eu countries, people would break everything. In Portugal, well, they think it will get solved by Instagram posts. They don't even have a government at the moment as we speak. The people must make the first push. Moved to the Netherlands and got astonished by how supermarkets are the same price as in Portugal. It was ridiculous to give food to homeless people during the night in Lisbon, the lines were getting bigger and bigger every night, and most of them had steady jobs. They deserve their own government due to their attitude. Every time we spoke of the problem to the official authorities they would reply "we'll see" and forget about it. We had 60 beds, in a matter of four days they were all occupied, by Portuguese families. The story was always the same. Landlord decided to increase the rent three times higher than what it was, because of "inflation". I've met people paying 650 euros for a room in Lisbon while making 800 on full time job. And they just accept it. No riots, no nothing.
" No it's not the digital nomads fault, or even golden visas ": That's where you are Wrong. They are indeed part to blame. We live here. House descriptions to buy or rent are often in English. Apparently there's a myth running along "expats" that they aren't the issue. Oh they most certainly are... but the truth is too inconvenient.
Is that to say they are the only issue? NO. But that doesn't take the blame out of them as well.
Golden Visas, Short Term Rentals, Licensing Timelines and inexistent political strategy for decades, both left and right-wing alike, left us like this. Now, we're gonna need several solutions, all at once, if we want to give our youth any reason to stay in this country.
Acertaste! É principalmente um problema de corrupção e de saídas fáceis do nosso governo e não de ideologia política
@@rogeriorento9730 De relembrar que quase todos os partidos no parlamento estiveram no Governo desde a altura da troika até hoje! PS, PSD, CDS, BE e PCP, desde a direita à esquerda, todos estiveram lá e todos têm a sua quota de culpa nisto! Olhando para o histórico, dificilmente a IL ou Chega farão diferente se chegarem ao poder! Ninguém me consegue convencer que algum destes partidos, se constituir parte do governo, irá implementar medidas que impeçam integrações dos seus membros para altos cargos de direção em grandes empresas ou bancos quando acabarem o(s) mandato(s)! Temos inúmeros problemas sistémicos gravíssimos em Portugal, a corrupção é um sintoma bem como esta crise da habitação. Como é que Partido X, Y ou Z, de qualquer ponto do espectro político, tem incentivos a resolver estes problemas quando os seus dirigentes beneficiam diretamente da manutenção do status-quo? Fica a questão.
é este o caldeirão que chamam mercado imobiliário
@@brawlgammer4424
Concordo em pleno contigo.
O detalhe é que outras cidades nômades são tão caras quanto essas, 80% dos adultos portugueses são proprietários. Essa geração está capitalizando as propriedades que antes permaneciam sozinhas.
The solution is to build more housing, as much as possible, to cancel regulations as much as possible that prevent building more housing, to build more and more to lower prices of rooms and apartments, and to lower the income tax so that people that work hard for their money would have more money in their hands. Other than that, for the people that struggle with this situation, such as myself here in Israel, unfortunately the government wants us poor so the only way to get out of poverty and save a significant amount of money is for a few years to work and live and save money at home, if your home town has jobs, unfortunately that is the sad world we live in, most important thing not to stop trying and not to stop doing and working and making money, use the capitalist system in your favor, in one year of work in Portugal you can make 10K euros, it is better than nothing at all.
It is obvious that if the government exempts foreigners from paying taxes and taxes on the Portuguese residents till the bones, the purchasing power is more substantial on foreigners. On the other hand, the Government 10 years ago persecuted fiercely all Builders and the Building sector. And Most went to Africa and France particularly. These 2 factors are the core of the actual problem . The Governement destroyed all construction sector . Same as Agriculture and Fishing 20 years ago . Now a Kilo of Lemons cost 3Euros . Unfortunatly our Governement destroyed our country. Almost 3 million Portuguese have emigrated and we are importing Labour from Nepal, Bangladesh Marroco and Brasil to serve the foreigners that are living in our Country without paying taxes with the permission of our traitorous government. Basically is the same thing you exchange Gold to Iron and we still have to pay . Portugal is the only Country in Europe that destroyed its Industry and production in favour of importing everything. Look at the Government, our great enemy.
To make a holiday colony out of it?
Pretty close @@paulboston992
Mas há dinheiro para "ajudar" a invasão de "engenheiros" brasileiros...que, coitados, ainda assim tem que se juntar às dúzias num apartamento... coitadinhos 😅.
Uma vergonha ,temos muito que agradecer aos nossos politicos de todos os partidos ,que tem estado a vender Portugal aos bocadinhos para enriquecer alguns e como nao chega ,ainda existem os casos de corrupcao . Sempre fui emigrante mas custa tanto ver o soffrimento do povo ,os jovens sem condicoes de vida ..tenho orgulho de ser portugues ,Portugal nao tem culpa mas continua a ser o Pais no mundo com mais doutoures sem cursos superiores e tem mostrado ao resto do mundo que nos ultimos 50 anos nao foram capazes de criar um pais onde se vive com dignidade
Why don't they put longer trains and subways to accommodate all those people, especially in the summer time where it has become extremely hard to commute.
Yes and also stop allowing “expats” in
why dont you move to other eu countries?
There are things I do not understand in this problem. First of all, why are young and poor people taxed like crazy here? In many countries, for instance, in the UK, small incomes (until 15,000 pounds per year which is more in euros) are not taxed. Secondly, why foreigners are being blamed when they bring their pension money and nomad income to the country to pay taxes when the housing situation is caused by the Portuguese house owners who want to get rich or have money to live comfortably at their old age by utilizing the situation and selling to foreigners. Foreigners arrived legally and actually bring money in many forms of taxes (purchase tax, VAT, now income tax, etc. ) to the country. It is also surprising that the government did not exclude large cities from the Golden Visa plan and foresee the problem. In any case, current actions already are stopping foreigners from coming to Portugal and one third of the expats who planned moving to Portugal have cancelled their plans.
Its foreigners that have money and are willing to pay a bunch for a house and low-income country people that are willing to work for less and be in the living conditions of 8 together in a T0.
Stoping the NHR isn't enough, the damage is still being done by the people that are present today.
Foreigners aren't being blamed: the government is being blamed for having allowed foreigners to come in. Foreigners spend money, but their high standard of living and higher purchasing power lifts that of the Portuguese. If landlords see that there are some (foreigners) very happy to pay €3,000 a month for a 2-bedroom flat, then that's the price they'll ask from the Portuguese as well, who only earn a median net salary of €1,000/month. This leaves net median household income at €2,000/month, which is basically less than what a minimum wage worker earns in the UK. As I said, foreigners aren't the problem, but they have exacerbated the problem, to no fault of their own. I just wish they understood our plight and stood with us, because clearly the government only listens when it's the foreigners shouting.
As the number of foreigners moving to Portugal will now drop drastically, it will also drop the number of tourists as a large part of these are people who come to find a place to settle in or just to see the country for this purpose, so hopefully this will improve the housing situation although it might not be good to people depending on tourism. I also wonder why there is no public demand to forbid airbnb rentals in Lisbon. They stopped airbnbs in Berlin to save rentals for residents.
To clarify, in Berlin an airbnb is currently only possible if you yourself are a permanent resident in the same address. A similar arrangement would still enable Portuguese people get some income from airbnb.
My wife and I are retired on a minimal fixed income; we took up residency in Portugal in 2022. We sold our US home, a small cottage and bought a three room stone home in a small, isolated village and made it livable. A number of the village houses are empty, the owners with extended families live and work in the cities and only use these larger houses on weekends. There is no work here in this village except small scale farming. All major cities have income / housing disparity issues, my wife is Singaporean where Government subsidized housing relieves the issues I read below. The subsidies were financed by the industry, development and tax base brought by foreign investment and the expertise people like me transferred into the local economy. Imagine Singapore without overseas expertise and investment. We are here in Portugal to enjoy a peaceful life in a sane environment. You must work toward a better future and look for solutions to the real problem that a history of stagnated development has left behind. Halting progress will not improve your lives.
There are plenty of properties in derelict situation. Those are found in Lisbon, Porto and around many other towns. Why don’t get them rehabilitated? Get them overhauled would increase offer …
They are being flipped, but bought rebuilt and sold by foreign companies. The work to be done on the buildings is such that average people can’t afford to do that themselves, it’s too expensive
As coisas não são lineares.
Mas há uma coisa certa. Há demasiada gente imigrante no espaço de 4 anos.
Metade pelo menos devia ir embora
What nobody says is that the massive imigrants that work for 1 minimum salary will compete with most of our more vulnerable people...
The issue did NOT start in 2008. The problem started when we joined the Euro. After joining the Euro, the economy stopped growing and many people of working age left! The only way out is for France and Italy to leave the European Union. Then the EU will break up,, the Euro will fail. Portugal goes back to Escudo. We will suffer for 2 years but with a weak currency, we can produce and export our way out of a crisis. We have a peaceful country with a good infrastructure and an educated population.
A crise da habitação em Portugal... no entanto, as peças noticiosas e reportagens tratam sempre das grandes áreas urbanas. Como se Portugal fosse apenas o litoral. E ir viver para o interior, não? "Ah mas existem poucas oportunidades de emprego lá." O pessoal não quer ir para zonas que não estão na moda é por outras razões. FOMO e falta de perspetiva.
Não é FOMO, é falta de emprego.
We focused on Lisbon - mentioning Porto and the Algarve region too - because that's where the highest prices are, and where most immigration and foreign investment focused. Would love to hear your experience living in less urbanised areas!
One of the interesting characteristics of people who grow up under socialism is their expectation that their country should provide for them.
Tambem temos senhorios que são oportunistas, vampiros, que querem tudo num dia..
É isso!
Outrageous house prices is a problem in pretty much every major city in the world, an although I think expats and air BNB's are a small contribution to this in Portugal's case, the biggest cause is with inflation which very few people really understand
Its a multitude of factors and by far the biggest increase in the last few years was due to migrants from wealthier countries.
@@rogeriorento9730 If it was primarily migrants then the cost rises would be centered around housing and it would only be cities with more immigration, but the cost of everything is going up, and its every major city in the world, I am originally from Australia, we shut the country down 100% for two years during covid and house prices still shot up
País de primeiro mundo! 😂
“O futuro é os jovens” que estão indo para fora porque Portugal é pobre e não conseguem criar incentivos suficientes que justifique a retenção desses talentos no país.. pouco industrializado, poucas empresas multinacionais, pouco interesse econômico das empresas globais, infraestrutura pobre, casas com preços inacessíveis…. E por ai vai…
Se tornando cada vez mais uma zona de férias. Um playground.
Concordo. O nosso governo só tem feito merda.
Ja a uns anos que ouvi isso da boca de uma inglesa abastada, que é essa a intencao dos politicos. Tornar Portugal numa colonia de ferias.
You're not middle class, none of us are. If you can't rent or own a 1 bedroom apartment on your own, in the city you live in, you're lower class. 90% of young people in this country are lower class and that is cause for revolt. This is not ok, this is a country where every policy is geared towards older people and foreign investors.
The government "support" for housing is giving landlords money so some people can afford the high rents. While giving no support to younger people wanting to buy a house and building no public housing so the existing houses owned by the previous generations keep their high prices,
unfortunately, all people around the world are experiencing this housing and cost of living crisis, not just Portuguese. We should hold our governments accountable. It seems like the Portuguese government is trying to get control back by modifying the NHR and the Golden visa. Also by providing incentives for companies to come in and hire highly qualified employees. I hope that we all find some relief because if not the homeless population will increase and the number of families with multiple generations living together will be much higher.
Não queremos saber do resto do mundo porque um dos fatores principais é a imigração em massa que o nosso governo permitiu.
Fiquem em casa!
As casas em Portugal eram muito baratas para um residente no Brasil. Vários conhecidos compraram casas em Portugal. Eu mesmo cogitei a hipótese devido ao ínfimo valor, estimulado por amigos. A época lembro que uma casa grande em um condomínio fechado no Algarve custava menos que um apartamento de classe média no Rio de Janeiro ou São Paulo. Mas no fim desisti de comprar pois seria algo sem propósito, visto que não tinha nenhum interesse em me mudar ou mesmo passar temporadas em Portugal. Atualmente os preços pelo que me falam já não estão mais assim, estão iguais ou até em alguns lugares maiores do que os de casas semelhantes no Brasil. Certamente fizeram um enorme lucro aqueles que compraram no passado. Tenho ouvido falar também que os Portugueses agora estão ressentidos com os Brasileiros. Uma infelicidade, pois no Brasil sempre tivemos um sentimento diferenciado de ligação com os Portugueses, não vemos os Portugueses como estrangeiros assim como os dos outros países. Triste que situações de natureza econômica tenham levado a isso
Votem PS
A causa da nossa miséria!