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Real estate

Seixal acquires building to transform into affordable housing

27 AUGUST 2023
Topics
IHRU Reabilitação Urbana Rendas Acessíveis Habitação Acessível
The municipality is concerned about the prices currently being charged for rental housing and is calling for the development of regulatory policies.
Seixal acquires building to transform into affordable housing
Source: Freepik
Author: Redaction

The current context has led several municipalities to invest in affordable rent and the purchase of land or buildings for the creation of regulated housing, as is the case with Seixal Town Council, which has decided to intervene in this direction and with the aim of guaranteeing its residents more homes available at affordable prices.

In order to guarantee more housing alternatives, the municipality went ahead with the purchase of a building with eight dwellings in Corroios, which it intends to make available on the market under an affordable rental programme. This acquisition was approved at the public meeting of the Seixal City Council executive last Wednesday, 23 August, with co-financing from the PRR (Recovery and Resilience Plan). 

In order to guarantee the highest quality of life for its future residents, the building in question will be subject to interventions to guarantee all living conditions, under the remit of the Housing and Urban Rehabilitation Institute (IHRU)

In the opinion of Paulo Silva, the Mayor of Seixal, the current rental market prices have been inflated to unaffordable levels, which "require the development of active policies to regulate the market". Among the municipality's concerns is the retention of young people in the municipality, and proper regulation would serve not only to guarantee affordable housing but also to prevent "the flight" of current residents and attract new ones.

The mayor emphasises that "the acquisition of this property is another important step towards promoting affordable housing and strengthening the qualification of the municipality's real estate assets". 

Topics
IHRU Reabilitação Urbana Rendas Acessíveis Habitação Acessível
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