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The Dysfunctional Rental Market in Portugal: A Policy Review

Author

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  • Luís Mendes

    (Centre for Geographical Studies, Institute of Geography and Spatial Planning, Universidade de Lisboa, R. Branca Edmée Marques,1600-276 Lisboa, Portugal)

Abstract

In Portugal, due to the rental market’s inability to respond to the constant mismatch between supply and demand over the course of decades, things have become increasingly residual and dysfunctional within the scope of the homeownership market. Through analysis of various laws and legislative changes over the last century, as well as the participant observation acquired by the author’s two-and-a-half years of experience as a stakeholder in the sector, this paper aims to review rental policies in Portugal and the multiple impacts they have had on reproducing various weaknesses in the rental market. The paper concludes with some policy recommendations that advocate how government action is decisive in shaping housing and rental policy, establishing a legal and regulatory framework able to transmit credibility, stability and security to the contractual forms between supply and demand, in keeping with an effective right to housing through affordable renting.

Suggested Citation

  • Luís Mendes, 2022. "The Dysfunctional Rental Market in Portugal: A Policy Review," Land, MDPI, vol. 11(4), pages 1-17, April.
    • Handle: RePEc:gam:jlands:v:11:y:2022:i:4:p:566-:d:791790
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    References listed on IDEAS

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    1. Kholodilin, Konstantin, 2020. "Long-Term, Multicountry Perspective on Rental Market Regulations," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 30(6), pages 994-1015.
    2. Hans Lind, 2001. "Rent Regulation: A Conceptual And Comparative Analysis," European Journal of Housing Policy, Taylor and Francis Journals, vol. 1(1), pages 41-57.
    3. Marietta Haffner & Marja Elsinga & Joris Hoekstra, 2008. "Rent Regulation: The Balance between Private Landlords and Tenants in Six European Countries," European Journal of Housing Policy, Taylor and Francis Journals, vol. 8(2), pages 217-233.
    4. Hanna Kettunen & Hannu Ruonavaara, 2015. "Discoursing deregulation: the case of the Finnish rental housing market," International Journal of Housing Policy, Taylor & Francis Journals, vol. 15(2), pages 187-204, April.
    5. Peter Kemp & Stefan Kofner, 2010. "Contrasting Varieties of Private Renting: England and Germany," International Journal of Housing Policy, Taylor & Francis Journals, vol. 10(4), pages 379-398.
    6. Marietta Haffner & Marja Elsinga & Joris Hoekstra, 2008. "Rent Regulation: The Balance between Private Landlords and Tenants in Six European Countries," International Journal of Housing Policy, Taylor & Francis Journals, vol. 8(2), pages 217-233.
    7. Hanna Kettunen & Hannu Ruonavaara, 2015. "Discoursing deregulation: the case of the Finnish rental housing market," European Journal of Housing Policy, Taylor and Francis Journals, vol. 15(2), pages 187-204, April.
    8. Hans Lind, 2001. "Rent Regulation: A Conceptual And Comparative Analysis," International Journal of Housing Policy, Taylor & Francis Journals, vol. 1(1), pages 41-57.
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    Cited by:

    1. Sónia Alves & Alda Botelho Azevedo & Luís Mendes & Katielle Silva, 2023. "Urban Regeneration, Rent Regulation and the Private Rental Sector in Portugal: A Case Study on Inner-City Lisbon’s Social Sustainability," Land, MDPI, vol. 12(8), pages 1-20, August.
    2. Raul Alves & Sérgio Lousada & José Cabezas & José Manuel Naranjo Gómez, 2023. "Local Housing Strategy: Analysis of Importance and Implementation in Machico Municipality, Madeira," Land, MDPI, vol. 12(9), pages 1-36, September.
    3. Francisco Nobre & Diogo Jardim Goncalves & Ronize Cruz, 2023. "Short-term Rentals and Housing Market: Evidence from Portuguese Metropolitan Areas," School of Economics Discussion Papers 1023, School of Economics, University of Surrey.
    4. Francisco Nobre & Diogo Gonçalves & Ronize Cruz, 2023. "Short-term rentals and housing market: Evidence from portuguese metropolitan areas," CeBER Working Papers 2023-04, Centre for Business and Economics Research (CeBER), University of Coimbra.

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