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Is there more housing being built ? I am sure it has its own NIMBY, especially in the capital, but why isnt more being built outside the premium zones? Portug
by algo_trader 6y ago
Is there more housing being built ?
I am sure it has its own NIMBY, especially in the capital, but why isnt more being built outside the premium zones?
Portugal has a greying and falling (!) population [1]. Total fertility rate has been below replacement for 40 years (amazing ! Could that be true?). And the population density is well below the UK, and much lower than England it self.
[1] https://en.wikipedia.org/wiki/Demographics_of_Portugal https://en.wikipedia.org/wiki/Demographics_of_Portugal
Also, the working age population seems to have peaked, meaning wages should start to rise. Good luck to u and your friends.
- libertine 6y ago>Is there more housing being built ? The bulk is probably recovery of old buildings, but even land slots for construction are becoming unaffordable. It's common to see listing prices for the same land slot/buildings increase - like when people realize there's a lot of bids for their property they pull the house and relist for 10-20% more. Our governments made sure to grow specific sectors of their interest and left the rest of the country in the shit, so now we're going to be the tip of the tail for the EU. People live with their parents until their 30's because they can't afford to pay rents, so it's impossible to have kids or you just dig a bigger hole. >Also, the working age population seems to have peaked, meaning wages should start to rise. Good luck to u and your friends. I'm not that positive mate, but thank you, we're going to need it.