The Importance of Housing in Portugal in the Age of Austerity

Sonia Alves, Ricardo Veludo

    Research output: Contribution to book/anthology/report/conference proceedingArticle in proceedingResearchpeer-review

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    Abstract

    Housing is one of the pillars of the welfare state. It is, however, one of the least developed and most market-determined domains of social provision. In Portugal, as in other southern European countries, housing occupies a contingent position with complex social, historical, and nationally-specific political factors bearing upon it.
    By using statistical data and a literature review, this paper will provide an overview of the key factors shaping the housing system in Portugal in recent decades. We demonstrate the critical importance of housing in the Portuguese economy and society in regard to its significant share of GDP, national debt, and the high percentage of families who cannot afford satisfactory housing in the private sector. Among the main conclusions of this study are the inability of the state to regulate the property market and urban dynamics and contribute efficiently to the satisfaction of housing needs.
    Furthermore, land regulation and urban policies based on the growth-dependent paradigm raise questions not only regarding their adequacy in a crisis period, but also in terms of the sustainability of this paradigm.
    Original languageEnglish
    Title of host publicationThe Welfare State in Portugal in the Age of Austerity
    Number of pages7
    Publication date2014
    Publication statusPublished - 2014
    EventThe Welfare State in Portugal in the Age of Austerity - ISEG, Lissabon, Portugal
    Duration: 9 May 201410 May 2014

    Conference

    ConferenceThe Welfare State in Portugal in the Age of Austerity
    LocationISEG
    Country/TerritoryPortugal
    CityLissabon
    Period09/05/201410/05/2014

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