«No short-term leases for vacationers»: Lisbon requires a referendum | EUROtoday

Listen to the audio model of the article

We not need vacationers to lease residences within the middle. This is the that means of the petition introduced by over 6600 residents of Lisbon, who ask for a referendum to remove short-term leases from the guts of the Portuguese capitalthe place housing prices have dramatically outstripped buying energy, with costs practically doubling in lower than ten years.

As the promoters of the petition clarify, «short-term leases have brought about most residing areas to vanish from the middle of Lisbon: we should put a cease to all this.”

Expelled to the hinterland with crazy prices

Another 4,400 signatories were added to the 6,600 residents of the capital of the petition not registered in the registry of the Municipality of Lisbon. Many of them lived in the capital, but were de facto residents of it “expelled” due to the crazy price run and I am ended up in the hinterland. “You must abandon the town you like as a result of you’ll be able to not afford to reside there”, the promoters of the referendum comment bitterly.

The stages of the referendum

The first step to change the situation was officially present the petition to the Municipalitylast Friday. Now the city council is required to examine it and, if he approved it, the question would have to be examined by the judiciary for evaluate its constitutionality.

If every part goes easily, a referendum might be held within the first half of 2025 which might wipe out the short-term rental enterprise for one thing like 20 thousand residences of the Portuguese capital.