The Portuguese measures would also include the State renting vacant houses directly from landlords for five years in order to put them on the rental market.
Meanwhile, a new system to control rent increases would also be brought into effect as part of the sweep of plans."Housing is a central and cross-cutting concern of Portuguese society because it concerns all families and not just the most needy. But also to young people, the elderly and middle-class families," Costa wrote on Twitter.
"With the More Housing program, approved by the Council of Ministers, we seek to act in all its dimensions." states that Portugal is one of the poorest countries in Western Europe, citing low salaries, policies encouraging wealthy foreigners to invest, a tourism-dependent economy and inflation rates as causes for the county's housing crisis.The outlet also reports that it's not clear when the measures worth at least €900 million will take effect with Costa saying some will be approved next month while others will be voted on by lawmakers.
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