only 13% of homeowners consider putting houses on the traditional market — idealista/news
The incentive to change Local Accommodation (LA) houses to traditional rentals is one of the measures provided for in the controversy Mais Habitação (More Housing) program, which was vetoed by the President of the Republic and will be reconsidered in Parliament on 21 September 2023. The truth is that only 13% of LA owners admit to doing so, according to a study carried out by Nova SBE at the request of the Association of Local Accommodation in Portugal (ALEP) and released this Tuesday (12 September 2023).
“(…) With regard to the Mais Habitação (More Housing) program, the vast majority say that they are not considering putting the property up for rent (only 13% are considering it) and a significant proportion of respondents say that there is a risk that they will close down. This expectation of closure is alarming considering that LA is an important part of income for many and that 73% are over 45, so they would find it very difficult to return to the labor market,” the two organizations said in a statement.
If, as a result of Mais Habitação, the accommodation is no longer available for rent, what is the expected use? In response to