Historian Yves Léonard explains the reasons behind the demonstrations planned for Saturday. in Portugal's two major cities to demand "a right to housing".
A number of historical Lisboners can no longer live in the city" because of gentrification. Yves Léonard estimated on franceinfo, Saturday September 22. Historian, lecturer at Sciences Po and specialist in the contemporary history of Portugal. Demonstrations are planned today in Lisbon and Porto to denounce this phenomenon, which refers to the gentrification of a working-class neighborhood. "There's an impressive tourism boom and real estate speculation."he assures us, leading to "rising property prices".
In recent years, there has been an impressive boom in tourism and real estate speculation. What are Lisbon, the capital, and, to a lesser extent, Porto, experiencing? It's relatively new, because before there was a fairly regulated system. Quite tightly controlled, with rents that were not allowed to increase in a certain way. All that has been turned upside down since 2012 and among the consequences. Property prices have risen, leading to gentrification in the city centers. A number of historic Lisboners can no longer live in the city because rents have become too high and property acquisition is beyond their means. This is a relatively recent phenomenon.
This was an incentive, particularly for the "gold" visa. This allowed a number of foreign investors to obtain a residence permit and passport facilities for a few years, provided they invested at least 500,000 euros in real estate in Portugal. All these measures were more successful than expected, however, and provoked a soaring property prices. So much so that, this Saturday, a demonstration is being organized to denounce real estate speculation. All these cities fear the Airbnb syndrome.
In Alfama, this is a very sensitive issue, and one which is currently being discussed as part of the drive to amend and improve housing laws. Recently, the President of the Republic vetoed a law that introduced a preference clause to allow tenants to stay on in the event of the property being sold, in order to prevent tenants from subletting or using Airbnb facilities. The subject is therefore quite complex, and it's true that in Lisbon today, as was the case in Barcelona and other cities, there is this feeling in certain neighborhoods of seeing floods of tourists multiplying.
Find out how the Portuguese tax system affects companies, with details on taxation,... Read more
The United Kingdom has long been recognized for its economic dynamism, political stability and... Read more
If you want to run an e-commerce business in the UK, it's crucial to know how to... Read more
On September 20, 2024, the Portuguese Tax and Customs Authority unveiled its business plan for... Read more
tax issues linked to international double taxation are becoming increasingly important for... Read more
In 2023, António Costa (PS) decided to put an end to the Tax Regime for Residents... Read more
Our site uses cookies.
Read more