The compulsory rental of vacant properties was one of the main topics of discussion, leading even the President of the Republic to admit rejecting the law if the bill goes forward. But not even this made the Government set back.
The measure, so-called forced rental, will go ahead in the case of flats vacant for more than two years, in high density territories, according to what was approved in the Council of Ministers on Thursday, March 30.
"This is not about expropriation. It is simply about preventing a necessary asset being taken away from market access while charging an affordable rent," the leader of the Socialist Government insisted. "We live at a time of great housing shortage in our country, at a time when, in particular, the younger generations are facing increasing difficulties in their autonomy," he added, noting that the State will also give away vacant public properties and land to help increase the supply of housing, in partnership with the private sector.
The main priority of the Government with More Housing, guarantees Costa, is "to generate a sufficient and accessible supply of housing for Portuguese families and for this we need to adopt measures that may have an effect of regulating the market during the next few years", he said, stressing that "today it is not only the families in need that have difficulty in accessing housing. The entire middle class has difficulty in accessing housing".
Aware of the risks and consequences that this type of intervention can have in terms of market confidence, the Prime Minister explain the measure in detail.
Only "the properties that for more than two years are already classified by the municipalities as being in a vacant situation" are covered. This means that properties that are not currently considered vacant "can only be object of this measure two years after having been qualified as being empty", in António Costa's words.
According to data from the National Statistics Institute (INE), based on the 2021 Census, there were 723,215 empty homes in Portugal, of which around 348,000 were placed on the sale or rental market and a slice of 375,000 - which meet the criteria to be considered vacant properties - were vacant for "other reasons".
Which houses are not considered vacant properties?
Holiday homes;
Homes of emigrants or of people displaced for health reasons and professional or professional or training reasons;
Houses whose owners are in a social facility such as a nursing home or are providing permanent care as informal carers.
This is totally out of order. When you own property, it is up to you what you do with it, including letting it sit empty. That's your human right, simply because it belongs to you.
Are the Socialists going to confiscate your car next, on the basis that you're not using it, and someone else could make 'better' use of it? International law should be used to prevent the Portuguese government behaving in this dictatorial and overbearing manner. Shame on you Portugal for passing such a law!
By Billy Bissett from Porto on 01 Apr 2023, 23:59
Great news! I only wish this law would go further. Well done Portugal for doing the right thing.
By Henry from Lisbon on 02 Apr 2023, 22:53
It’s legalising theft whichever way you look at it……what next?
By JG from Algarve on 03 Apr 2023, 05:28
I know countless buildings in my area that have stood empty for decades, which belong to official entities. Think, customs houses, police stations, etc. etc.
They are all eyesores which could be put to use. Why isn´t the government offering these up?
By Steve. from Algarve on 03 Apr 2023, 10:32
This is legal theft. Property rights are being taken away, bit by bit. So this is where your vote should start voting the dictators out, before it is too late!
By NN from Beiras on 03 Apr 2023, 10:53
Internal Test..
Thanks to everyone that comments..
The Portugal News Team
By kevin from Algarve on 03 Apr 2023, 11:07
Well done Costa! Long overdue in my view. Many properties are left vacant to dodge tax, becoming an asset on a balance sheet but useless as a home. Hopefully this will free up the property market, reduce house prices and allow young people to live autonomously.
By Russell Taylor from Other on 03 Apr 2023, 13:21
This is very progressive of the Portuguese government as half these houses are with the courts and nothing gets done in a hurry..so yes if a house is vacant rent it
By Colleen from Lisbon on 03 Apr 2023, 15:54
Only an idiot would put his house or apartment up for rent. The common ocurrance is the renter destroys the property when they have to leave. If they refuse to pay rent, it can take months or years to get rid of them. And they won't buy because of "affordability", but will consider the owner - who likely spent decades saving for a place, a "rich" landlord taking advantage...
I have a holiday property there I spend 2 months in aside from my regular place. Why should I be forced to rent this?
By Paul from Algarve on 03 Apr 2023, 16:28
It is apparent that many of the comments have been made without reading the article. Holiday homes are excluded, as are those owned by people from overseas. There is no suggestion that the title in the property will be forfeited as far as I can tell. Those flats that have been certified as vacant by the Camara for at least 2 years are the only ones being considered. I think it is a great step in increasing the amount of affordable housing quickly. There are still issues in making the flats properly lettable, and accessing the funds to do that.
By Ricardo from Beiras on 06 Apr 2023, 11:52
It’s great to see the government take strong action to tackle the housing crisis. Ending the golden visa was just optics to win a cultural victory without actually changing the situation. Housing inventory is the main reason for out of control prices. Another step should be the government leading on this front by providing as much or more housing than homeowners. It sounded like that’s the intent, but now it’s time to show us their commitment.
By Richard from USA on 21 Apr 2023, 02:25
Price speculation and or discovery is what's driving most folks to think somehow there outdated abode is worth a king's ransom...Been a legal resident here since 2016...Had 5 successful rental contracts...All the properties I have rented are subpar and most would not pass a basic inspection...Owners do no want or do not have the money to fix up there properties, also deposits are a scam...Greed is also driving the housi ng game...If you have no laws or set of standards, expect a free for all...This is happening all over the world...including the U.S. Look at Portland, Oregon or San Francisco, CA. Either way it is simply not sustainable and will crash...
By Sakamoto Saurez from Lisbon on 24 May 2023, 08:48