Municipal investment in housing exceeds 500 million euros

"We need concrete solutions," says the mayor of Lisbon, Carlos Moedas, to deal with the shortage of public and private supply and the sharp rise in rents. In the last decade, "values have risen by 64% in Lisbon, while incomes have grown by 22%," he said.

The solution "involves more supply, more access and regenerating parts of the city that have been forgotten", says Carlos Moedas.

Lisbon is offering 476 more affordable homes in Entrecampos - with the support of NextGenerationEU (Recovery and Resilience Plan) - 155 homes in Vale Formoso, 84 in Bairro dos Alfinetes, and 54 more homes through the 1st Housing Cooperatives.

There are also 41 houses under construction in Paço do Lumiar, 132 in Marvila, 71 houses as part of the Quinta do Ferro Rehabilitation and 35 in Housing Cooperatives.

In Vale de Santo António, a hitherto "forgotten" area, improvements will be integrated to guarantee a better quality of life and respond to the housing shortage: 2,400 affordable homes will be built for around 6,000 residents. In the public space, as part of the "15-minute city" concept, various facilities for collective use will be installed, as well as a new urban park and a 3 km cycling network.

"We have to ensure that our families can live in Lisbon," says Carlos Moedas, especially young people, "for whom it is even more difficult to buy and rent a home."

The Back to the Neighbourhood program, exclusively for young people, includes the rehabilitation of houses in historic neighbourhoods such as Graça, Alfama, Baixa, Estrela and Belém, so that they can be made available as affordable rent for young people. One hundred of these houses are already being rehabilitated.

In recent years, Lisbon has supported 2,511 families with the Municipal Subsidy for Affordable Rent, and handed out more than 3,200 keys. "Each of these numbers is a family, a story, and each story changes the city for the better," he said.

The social response is also one of the Lisbon municipality's priorities, recently reinforced with more housing, in an investment of around 2 million euros. In Marvila, several apartments will be rehabilitated for accommodation, as part of the National Emergency and Temporary Accommodation Exchange.