Posted 1/5/2024, 4:42:45 PM
Portuguese Housing Crisis Drives Young People to Financial Struggle or Emigration
- Home ownership rate among young Portuguese has plummeted 50% over 2 generations
- Young Portuguese left with little choice but financial struggle or leaving the country
- Housing crisis traces to 2008 crisis and subsequent foreign investment recovery strategy
- "Golden Visa" schemes drove housing prices disconnected from Portuguese incomes
- Ahead of 2023 elections, crisis pushes young Portuguese to leave or financially struggle