Lisbon

Lisbon faces an acute affordability crisis with locals increasingly priced out of the city centre. The government has implemented the Mais Habitação package including rent controls and short-term rental restrictions. The 'right to housing' has been enshrined in municipal policy.

Lisbon's housing market has undergone dramatic price increases since 2015, with prices rising over 80%. The Golden Visa programme (now ended for real estate) and short-term rental boom drove much of the speculation. Average prices now exceed €4,000/m² in central areas.