Portugal to help with rent due to housing crisis

located in the north of the country, where he found the right accommodation. "There was an apartment available that I could rent. This apartment was half the price of the apartment I was planning to rent in the Lisbon region," he recalls.

According to the plan, the state will regulate the cost of new leases, and not only that. Those whose income is around 1,100 euros a month (about R$6,250) and who spend more than 35% of their salary on rent will be eligible for up to 200 euros (about R$1,135) in monthly assistance. "This is a temporary measure that will be in effect for the next five years, a period that we consider desirable in order for the public housing supply and a set of other measures to support affordable rentals to allow''Normalize the rental market so that there is affordable housing for rent,' Portuguese Prime Minister António Costa stressed.

Those who have mortgage financing and fit the same profile - an income of around 1,100 euros and rental costs exceeding 35% of their salary - will receive a monthly aid of 60 euros (around R$340) to pay the fees. In addition, banks will be required to have a fixed mortgage rate. Salaries will not increase with price rises. In Lisbon, protesters took to the streets demanding that salaries be comparable to the cost of living, which increased in the country on March 18, 2023. - Photo: Armando Franca / AP

According to the Portuguese labor ministry, last year more than 50 percent of workers''scattered across the country. For example, in 2019, Portugal's capital was already the European city with the highest number of local accommodations per thousand inhabitants, according to Moody'\''s.