The Portuguese government has recently launched the “More Housing” initiative, a progressive program aimed at reshaping the housing landscape in Portugal. As housing concerns mount and the property market teeters on an unpredictable scale, this program offers a strategic solution designed to influence the dynamics of real estate in Portugal significantly.
Unveiling the “More Housing” Program
The “More Housing” program primarily targets the stimulation and augmentation of the housing supply, with a particular focus on the long-term rental homes segment. By forging collaborations between public entities, private sector stakeholders, and civil society, the program seeks to create a synergy that addresses the housing concerns while propelling the property market forward.
Among the array of measures rolled out under this program, one that stands out is the ambitious plan to infuse 26,000 new homes into the market. This bold move is not just about increasing the housing stock but also about generating a ripple effect in the market dynamics.
In a bid to ensure transparency and inclusivity, the government has made the specifics of each measure available for public consultation until March 10, 2023. This open-door policy allows citizens and entities to contribute valuable suggestions, which will undergo thorough evaluation by the government’s executive branch.
The ultimate goal of the “More Housing” program is not complicated – it aims to bring down property prices in Portugal. By increasing the supply of homes, particularly in the long-term rental segment, the program hopes to create a downward pressure on property prices, making housing more affordable.
The Future of Real Estate Investment: Commercial Real Estate
While the “More Housing” program promises an exciting future for the housing segment, another area of real estate that appears to be immune to regulatory uncertainty is commercial real estate.
Commercial properties have always provided a robust income source for savvy investors willing to venture beyond the conventional paths. And Portugal, with its vibrant economic landscape, presents a compelling case for commercial real estate investment.
The commercial market in Lisbon, Portugal’s capital, is particularly noteworthy. Experts believe that Lisbon’s commercial properties offer the highest added value concerning rent and property price.
An exemplar opportunity in Lisbon showcases an enticing blend of affordability and potential for significant value increase – something that was once only a dream in the conventional housing market. As investors worldwide eye the promise of Lisbon’s commercial real estate, the city is set to witness a property boom similar to the classic real estate surge in recent years.
Discover an example of an excellent commercial real estate product at an affordable price:
https://www.idealista.pt/imovel/32661209/
