The European Commission intends to mobilize 10 billion euros from the community budget. But it is estimated that 150 billion euros are needed to build 650 houses per year. He also wants to cut bureaucracy, assess the impact of speculation and tighten the rules for local accommodation.
The European Commission says that . Experts and agents in the sector do not are surprised and they say that the problem can only be solved building more housing.
Brussels’ intention of change housing aid with annual targets for construction was well received in Portugal.
“We think it is very positive that the issue of Housing and the resolution of this problem is a European aim and that, in essence, the European Commission prepares this planinmulowith values largeto support housing”, argues Carlos Luís Teixeira, from the National Owners Association.
“The measure with the greatest impact is Europa say que – on top of 1,6 milhundreds of dwellings that already builds, per year – will need to build more 650 thousand for a period of ten years. And that it will have to allocate financial resources for Member States to execute”, he states Bento Aires, professor at Porto Business School.
The Real Estate specialist warns, however, that Portugal will have difficulty competing for resources.
“Right now, the construction sector, along with other sectors, has poor ability to recruit labor resources, equipment, production,…”, he points out.
“We are at a disadvantage because other countries will have much higher minimum and average wages in the construction sector“, he notes. And “pI’m leaving also have much more open border policies competitive than those that Portugal is having”.
In this new European design to address the lack of affordable homes, Brussels promises to mobilize 10 billion euros of the community budget. But esteem-se that are accurate 150 billion euros to build 650 houses per year.
Cut back on local accommodation
Brussels wants also ccut through bureaucracy, assess the impact of speculation e in areas of housing stress. An intention that does not gather consensus in Portugal.
“If we demonize local accommodation, we are most likely killing tourism”, he argues Bento Aires. “What we will need to do is to build new housing cities.”
“The measure is very generic. It is necessary to look in depth at what the measures are – and country by country, place by place, city by city”, he says Carlos Luís Teixeira.
Swill it be possible to download house prices in Portugal, what, in the latest accountsand Brussels, are the most overvalued in the European Union.
Portugal is one of the worst countries in the variations dpurchasing power. The value even dropped compared to to the estimated 35% overvaluation last year. Even so, is the highest of the 27 Member States: 25% above what would be justified.
