EU membership enjoys strong approval in new member states largely thanks to the economic firepower they have gained. Euronews Business takes a closer look at the GDP growth story in the new accession states since the bloc’s historic enlargement in 2004.
    • mitram@lemmy.ptEnglish
      2·
      6 hours ago

      Great question.

      We are building, although not enough, a lot of houses, unfortunately, a big chunk is high income/luxury housing and another big chunk is used as an investment vehicle which can sit idle for years even when it’s placed in the middle of our biggest cities.

      For some extra context I leave this excerpt from another comment:

      In Portugal we have more than 170,000 (state/private) empty houses. A fund of more than 100 million euros (and counting) for the renovation/construction of public/cooperative housing which has been collecting dust for 2 years now. We have the resources to fix this, but our politicians seem more preoccupied in punishing 10K people for being Muslim (they have valid concerns, wrong solutions)

      • CanadaPlus@lemmy.sdf.orgEnglish
        2·
        11 hours ago

        That’s a funny way of wording the question since it never stopped, but there’s a few recent things I can point to. If you need a time frame, I’d say the last several months.

        The city nearest to me abolished single-family zoning and is seeing a ton of construction and sharply falling prices. I might finally be able to break into the market. We have a new federal government department designed to start producing housing en mass, called Build Canada Homes. Housing prices are also easing off across the country, although certain cities are having more trouble, and the temporary scaling back of immigration while building continues is probably the main factor.

        Maybe in Portugal there’s more space issues, but it’s not Hong Kong so I don’t think that’s the whole problem.