Live

Mass protests sweep Portugal over housing crisis

Mass protests sweep Portugal as thousands take to the streets over soaring rents, low wages, and declining living standards.

1 min read

Thousands of people demonstrated in Lisbon and dozens of Portuguese cities, protesting against the rising cost of housing in an attempt to pressure the government, which is facing growing public anger over the housing crisis.

Marches set off on Saturday, raising banners demanding affordable homes, and protesters chanted slogans calling for lower rents and higher wages, in a scene reflecting the rise of a protest movement that began last month.

Maite Chaves (40), a technology company employee who has lived in Lisbon for 17 years, believed that Portugal has become one of the most unequal countries in Europe, given low wages compared with high rents, and called for continued protesting because the movement is expanding.

Protesters are demanding caps on rent increases, stronger protection against evictions, an increased supply of public housing, and measures to curb speculation in the real estate market.

Official data indicate that property prices in Portugal have risen faster than wages over the past decade, recording the highest rate in the European Union, which has worsened the difficulty for many, especially young people and students, in obtaining adequate housing.

(Source: UNews)