Portugal announced on Thursday a 900-million-euro package of measures to tackle a housing crisis, including the end of its controversial 'Golden Visa' scheme and a ban on new licenses for Airbnbs and other short-term holiday rentals.
A mechanism would be introduced to regulate rent increases, he added, and the government will offer tax incentives to landlords who convert tourism properties into houses for locals to rent.
To address the housing shortage, Costa said the state would rent vacant houses direct from landlords for a period of five years and put them on the rental market. The scheme attracted 6.8 billion euros in investment since its launch in 2012, with the bulk of the money going into real estate. At a small housing protest in Lisbon, 23-year-old activist Andreia Galvao accused the government of failing to live up to promises it made to address the housing crisis in the past.
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