Thousands rally in Portugal over housing crisis

· Economy · Portugal

Thousands rallied outside Portugal's parliament over the housing crisis and police operations. Prices have more than doubled since 2017 and new-lease rents have nearly doubled, squeezing residents out of the market.

Why it matters:Portugal is one of several European countries where soaring housing costs have become a political flashpoint, testing governments' ability to regulate rents and tourism.

Key points

  • Prices have more than doubled since 2017.
  • New-lease rents have nearly doubled.
  • Protesters gathered outside parliament.

Sources (original reporting)

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