PremiumJoão Duque: "Demand should be more focused on long-term leases"

Economists believe that if housing prices and rents adjust, the market could “get excited”. Teleworking can lead companies to free up space for housing leases.

The residential rental market is seen as the real bet of the real estate sector for the economic recovery of the market due to the coronavirus pandemic. “Demand should be more directed towards long-term leases”, says economist João Duque to Jornal Económico (JE).

The full professor at the Higher Institute of Economics and Management (ISEG) at the University of Lisbon, however, is concerned with the partners with whom the Government “walks to pass the State Budget and who are completely against evictions”. In this sense, the problem may lie in how “the offer sees the possibility of offering goods to the real estate market with an enormous risk of later defaulting”.

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