Many Portuguese, including the middle class, are being priced out of Portugal’s property market by rising rents, surging home prices and climbing mortgage rates.
  • AutoTL;DR@lemmings.worldBEnglish
    2·
    1 year ago

    This is the best summary I could come up with:

    Several thousands of people took to the streets in Lisbon and other major cities across Portugal on Saturday to protest for the constitutional basic right to housing.

    This is the second protest of the year that focuses on affordable housing, within a context of continuous increase of prices to rent and interest rates skyrocketing which has a big impact on most households due to mortgages.

    In Lisbon, the impact of the climate crisis was also a common issue that some protesters wanted to highlight.

    Portugal is facing in recent days high temperatures for the season, on Saturday thermometers reached at least 32 degrees Celsius in the capital.

    Portugal is one of Western Europe’s poorest countries and has long pursued investment on the back of a low-wage economy.

    Just over half of Portuguese workers earned less than 1,000 euros a month last year, according to Labour Ministry statistics.

    The original article contains 301 words, the summary contains 147 words. Saved 51%. I’m a bot and I’m open source!

  • redballooon@lemm.ee
    1·
    1 year ago

    Well, since there’s no solution to the climate crisis in sight, tourists should lose interest in visiting Lisbon, right? Then they won’t out price the Lisbons any more.

    Good news, right?