Tens of thousands march in Portuguese cities against surging home prices
Tens of thousands of people marched in more than 30 Portuguese cities on Saturday in the biggest protest yet against surging housing prices that have made owning or renting homes unaffordable for many.
The housing crisis has brought weeks of demonstrations, with some activists camping out in main downtown squares in Lisbon and Porto. Riot police with dogs have broken up some protests, bringing accusations of heavy-handed tactics. Saturday's marches took place under the slogan, "We won't let them steal our right to housing." Participants ranged from teenagers to retired people.
Price Surge
Between 2015 and 2025, Portugal posted the biggest jump in the EU in home price-to-income ratio, increasing by 61%, according to Eurostat.
Foreign buyers and investment funds have fueled price rises by buying Portuguese real estate. The country's mild climate and long coastline have helped it grow popular with digital nomads and other remote workers, as well as retirees.
Government Response
The government has responded with measures including lowering taxes on new construction and restricting short-term rentals. President António José Seguro convened a Council of State to discuss the protests and met with demonstrators. Activists want rent ceilings, greater tenant protection, and more affordable housing.
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