LISBON: Thousands of people took to the streets of Lisbon and other cities across Portugal on Saturday in protest against soaring rents and house prices at a time when high inflation is making it even tougher for people to make ends meet.
“There is a huge housing crisis today,” Rita Silva, from the Habita housing group, said at the Lisbon protest. “This is a social emergency.”
Portugal is one of Western Europe’s poorest countries, with government data showing more than 50% of workers earned less than 1,000 euros ($1,084) per month last year. The monthly minimum wage is 760 euros.
Rents in Lisbon, a tourist hotspot, have jumped 65% since 2015 and sale prices have sky-rocketed 137% in that period, figures from Confidencial Imobiliario, which collects data on housing, show. –Agencies
