Over the past decade, Portugal has been grappling with a severe housing crisis. The issue has been exacerbated by a combination of factors, including economic instability, population growth, and a surge in tourism. The housing market has become increasingly unaffordable for many locals, with property prices skyrocketing and rental costs following suit. This has led to a significant increase in homelessness and has left many families struggling to find affordable accommodation.
The housing crisis in Portugal is more severe than in many other European countries. According to data from Eurostat, Portugal has one of the highest rates of overburdened households in the EU, with 6.9% of the population spending more than 40% of their income on housing. This is significantly higher than the EU average of 9.9%.
Furthermore, the country has a high rate of severe housing deprivation, with 5.9% of the population living in dwellings with leaking roofs, damp walls, or rot in window frames or floors, compared to the EU average of 4.7%.
Despite the government's efforts to address the issue, the housing crisis in Portugal continues to worsen. The lack of affordable housing has been a major barrier to social and economic development, and has contributed to increasing levels of poverty and inequality. However, innovative solutions such as prefab homes are beginning to revolutionize the affordable housing sector, offering a glimmer of hope for those affected by the crisis.