Lisbon Council creates 500 affordable new build homes

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Lisbon Municipal Council is to build around 500 new homes at affordable prices at a brown field site in the city’s Entrecampos area.

According to information from the council’s Department of Urban Planning, changes to a plot of land between Lisbon’s Avenida das Forças Armadas and Avenida Álvaro Pais have been granted outline planning permission.
According to the magazine Vida Imobiliária, the development, which will be called ‘Praça de Entrecampos’, will include the creation of new facilities and amenities such as a study hall operating 24 hours a day, new parking for the armed forces as well as the 500 new affordable homes for rent.
The plot of land has been parcelled up into 10 lots, two of which have already been built on, two with existing planning permission, and six which have been subject to change-of-use and outline planning permission, and of these, five belong to the city council as part of its Affordable Rent Programme, the remaining is for private housing.
Council officer Ricardo Veludo said that the project was the start of the materialisation of a large public council housing estate for the middle classes and for young people. The project will be developed by the municipal company SRU (Urban Rehabilitation Society) with work expected to start this year after carrying out the respective calls to international tender,” states the same source.
According to city hall, the rental value for a studio flat will vary between €150 and €400, a one-bed flat between €150 and €600, while those with more bedrooms will have minimum to maximum rents of between €200 and €800 respectively.
In each case, no family will be allowed to spend more than 30% of their net salary on rents under the programme regulations.