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Real Estate Briefing - Categorized | Market Moves, Regulatory more

How reform could rock Portugal’s housing market

Posted on 10 August 2011

Portugal’s rent-control laws, which date back to the beginning of the republic in 1910, mean landlords often find it simply isn’t worth their while to rent out their property, leaving abandoned buildings dotting the country.
“The market has been completely warped by rent control,” says Luís Menezes Leitão, who heads Portugal’s Association of Landlords. “The most beautiful buildings in Lisbon and Porto often have completely symbolic rents. So it’s impossible to invest in the city centers.”………………………………………Full Article: Source


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