Country needs 70,000 new homes to meet housing needs, say estate agents

in News · 04-10-2018 08:00:00 · 0 Comments
Country needs 70,000 new homes to meet housing needs, say estate agents

The president of Portugal's main estate agents' association, APEMIP, said that 70,000 more homes are needed on the market in Portugal to make any kind of a dent in the country's growing housing problem.

In a statement issued by the association, Luís Lima said that the country is “in a vicious circle" with "little supply and a lot of demand”, which drives the value of houses beyond families’ budgets. Lima argued, some 70,000 new homes are needed on the market, more than half of them in Lisbon and Porto, where most of current demand is concentrated.


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