Latest news and stories about property management in Portugal for expats and residents.
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Why Porto Became the Perfect Choice
ExpatsEverywhere • 47:35 • 4w ago
The Financial Management Institute disputes an IGF audit, saying 836 of the properties are industrial units, plots of land and storage units. Many are under refurbishment or occupied unlawfully.
An IGF audit of the Institute of Financial Management’s property portfolio finds that Social Security is holding 854 empty homes while Portugal faces an unprecedented housing crisis. The report criticises inefficient asset management, poor utilisation and weak oversight of the Social Security housing stock, creating lost opportunities to relieve market pressure. The findings point to a need for clearer inventory, faster reallocation or disposal procedures, and greater transparency and coordination between agencies to convert idle public housing into usable supply.
