Latest news and stories about affordable housing in property in Porto, Portugal for expats and residents.
The city of Portugal has distributed 105 keys to citizens as part of a strategic public housing recovery plan aimed at addressing affordability challenges.
Matosinhos municipality is facilitating the construction of 140 affordable rental units by granting land for 90 years, providing financial aid, and streamlining the approval process for housing cooperatives.
Seven developers were authorized by the executive led by Pedro Duarte to pay 1.39 million euros instead of providing affordable housing in Porto. The socialist Manuel Pizarro considers the decision “manifestly illegal”. The municipality rejects the accusations but commits to proposing a revocation if, following a meeting with the opposition, the PS maintains that it is possible to secure houses with affordable rents.
The Mayor of Porto admitted this Monday that he may revoke the seven resolutions regarding inclusive zoning, approved at the last executive meeting, which allow real estate developers to pay financial compensation instead of providing housing for affordable rent. The municipality will revise the regulation, proposing to require hotels and local accommodation units to provide housing.
Porto City Council wants to meet with the opposition to debate the resolution that exchanged 40 affordable housing units for financial compensation of €420/m², which is well below market value.
The replacement of affordable housing with financial compensation in seven Porto Baixa developments has led the PS to demand explanations from Pedro Duarte.
Mário Ferreira and the CEO of American Vintage are among the developers with the greatest benefits. Instead of providing 2,937 square metres for affordable housing, they will pay 1.23 million.
The Mayor of Matosinhos says that in May, the “conditions for the transfer of the land in question” had not yet been defined. At stake is the construction of 1,000 homes, 204 of which are for affordable rent.
The team led by Luísa Salgueiro intends to create a 'National Affordable Housing Service'. The proposals will be presented on October 24th.
The City Council is moving forward without waiting for the PSD/CDS-PP Government. Luísa Salgueiro guarantees that more than 20 million will be recovered from the State. Ready in 3 to 4 years.
The Mayor of Matosinhos announced to Lusa this Friday that she will request a 40 million euro loan to build 500 affordable housing units, with one of the developments being exclusively for young people up to 35 years old. “We are a municipality that, in addition to execution capacity and good teams, has...”
The city council moved forward without waiting for national funding. Luísa Salgueiro guarantees that the loan will be repaid once public funds arrive.
New affordable housing supply brings the total number of units managed by Porto Vivo to 588
The project is part of the municipal programme 'Porto com Sentido', is promoted by Sonae Sierra and Solive, and represents an investment of €55 million.
Porto City Council has signed a preliminary agreement with Sonae Sierra and Solive to build 331 affordable housing units in the Campanhã parish, with completion expected by 2029. The Cartes Living project, a public-private partnership, will feature apartments ranging from studios to three-bedroom units, with monthly rents managed by the municipality under the 'Porto com Sentido' programme. The developers are responsible for the investment and construction, while the city will manage the rentals for an initial 10-year term, renewable up to 25 years. This initiative aims to address the city's housing shortage by leveraging private investment to provide stable, affordable options for local families.
Porto City Council has already allocated 436 affordable housing units under the affordable rental programme promoted by Porto Vivo. The local authority estimates that around a thousand people are benefiting from this municipal initiative. In a statement, the Porto municipality noted that a draw was held to allocate 25 homes, thus continuing the process.
On the site of an old factory in the parish of Campanhã, 124 affordable rental homes will be built for middle-class families, along with another 27 for sale on the free real estate market, in an 18 million euro investment by the Ageas Portugal group. This “Build to Rent” project is the result of a partnership between the insurer and ...
Home News Affordable rental properties in Porto Affordable rental properties in Porto Porto council has announced that applications for the municipal affordable housing program are permanently open, allowing interested parties to apply at any time to access housing with below-market rent.
