In the explanatory memorandum for the diploma, which entered parliament on Wednesday, Chega argues that the “cost of housing continues to rise”, with families “experiencing serious difficulties in finding properties available for rent, or being able to obtain credit for their acquisition at an affordable price”.
The party considers that, "on the one hand, the increase in house prices has contributed to social inequality" and, on the other hand, "the increase in the volume of loans has been increasing household indebtedness and creating financial vulnerabilities".
“The challenge is, therefore, to find ways to ensure that the real estate market continues to function efficiently, while at the same time minimising the risks associated with rising house prices and the volume of loans”, reads in the diploma.
Banks seem to do very little in our society here. Their interest rates, to encourage savings, are dreadful by comparison to UK banks (5% fixed for 1 year).
So maybe Chega is right to suggest the banks contribute their profits in some way to be of assistance to the people.
By L from Other on 21 Aug 2023, 11:41
I agree. But also, the gov't needs to pass laws creating rent control prices. Otherwise, this is become another California or Portland when it was destroyed by Californians. Rent must be proportionate to a person's income and not on speculations of the market. Gov't MUST control every part of rental process. Let's not make another Wild West here, please. Take ya capitalist ambitions to Emirates or USA or some other deregulated country. Here, gov't should regulate your greedy asses.
By Emma from Lisbon on 22 Aug 2023, 08:38