16/5/2013 in Sol
The new law will mostly affect the rents of tenants that pay less than € 50 per month, representing 21.3% of the contracts in the whole country. The goal of the legislation – which should come into effect in October, earlier than expected – is to boost a sector that has been stagnant for decades.
Just in Lisbon, the number of empty houses doubled in 20 years: from 25,003 in 1991 to 50,226 in 2011. In terms of rent, there are in the Lisbon market 97,847 rented homes, in which 36.8% of them have renters who are older than 60 years old (36.8%). The rents lower than 50 Euros; make a total of 19.7% of the contracts, a figure close to the national average. 43.2% of contracts are before 1991.