At stake are the 4,000 homes planned within the framework of public-private partnerships, which could remain unbuilt if there is no agreement on the rents to be implemented.
Speaking to Lusa, on the sidelines of the 5th Real Estate Promotion Conference, at which she was a speaker, Filipa Roseta (PSD) confessed her “anguish” in the face of the current “impasse”, between, on the one hand, the opposition in the municipality, who want lower rents, and real estate developers, who want higher rents.
“Basically, what I needed at this moment is a simple thing, is for the promoters to lower what they need a little and for the opposition to raise what is needed a little”, she summarised.
In other words, there needs to be “an alignment between the income that is viable and the income that is profitable”.
If this does not happen, there is a risk of leaving the four thousand homes planned within the scope of public-private partnerships “unbuilt”, “because the council does not have the money to build more than the three thousand new public homes that were proposed, financed by the Recovery and Resilience Plan (PRR, European funds).
“We really need this in Lisbon, otherwise we’ll look in ten years and those four thousand houses won’t be built. Already reaching three thousand is a brutal effort that we are making, now the others will be left hanging”, she warned.
In front of the three hundred participants at the conference, Filipa Roseta left a “great appeal” to promoters to move forward with partnerships.
Developers drop rents??!! LOL. What next, developers who plant trees and include 30% proper green projects?? Yeah right.
By Bruce from Lisbon on 20 Jun 2024, 07:18
I'm surprised and shocked that someone from the PSD has this 'something for nothing' mindset, more typical of Socialists. Asking a developer to lower rents is like expecting a supermarket to sell food at half price. It has to be profitable for the developer, otherwise they won't do it. Try asking your employees to work for 20% less, and see their reaction!
By Billy Bissett from Porto on 20 Jun 2024, 11:54
Common sense development is not beyond the bounds of reason; especially in the case of public/private partnerships. All it takes is building apartment complexes where 50% of the units are rented out at market value, 1/4 at 60% of the median income for the area, and the rest rented out to those on very low incomes. Everyone wins. However, to achieve this, municipalities must be willing to sweeten the pot for the developers; usually by offering increased density bonuses or maybe a decrease in the cost of permits. It's not rocket science, but it takes a willingness to find solutions to a problem that is becoming increasingly difficult to surmount: affordable housing to meet the rising demand.
By Tina Steele from USA on 23 Jun 2024, 05:21