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What limits the supply? Are they not allowed to build new apartments in Portugal?
by rufus_foreman 3y ago
What limits the supply? Are they not allowed to build new apartments in Portugal?
- amadeuspagel 3y agoI don't know the answer to that exactly, suffice to say that I'm all in favor of building apartments, but there is no obvious limit to how many people might want to live in a city. If Lisbon is a global city, there's no amount of apartments they can build to ensure that there are enough for natives.
- Podgajski 3y agoWhy would you think that anyone who is profiting from having a limited supply housing would want more housing built?
- quonn 3y agoThe salaries are extremely low and construction in Lisbon or around is not cheap. The prices would simply be too high for new constructions, average Portuguese cannot afford them.