Lisbon's housing affordability deadline has been postponed.
Affordable Homes in Lisbon Extend Application Deadline
Lisbon city hall has extended the deadline for applications for its latest offering of 101 affordable homes, situated on Rua do Vale Formoso de Cima, Marvila. The expanded application period ends on May 16, 2025, at 3:00 pm.
Interested applicants must fulfill a set of criteria to be eligible for these affordable rental properties. The primary applicant should be at least 18 years old with a valid residence permit in Portugal, as per idealista's guidelines. Moreover, households must present their tax settlement or exemption certificate from the previous tax year. These homes are intended for those earning under €10,640 annually (for IRS 2023) or €11,480 annually (for IRS 2024).
The Lisbon Metropolitan Area (AML) stipulates that no applicant or household member can own urban property within the area unless they are legally prevented from occupying it or the property is deemed unfit for residential purposes. Further information about these dwellings can be found on the Habitar Lisboa Platform.
By implementing these eligibility requirements, Lisbon city hall ensures that the affordable accommodation is accessible to those genuinely seeking affordable housing options and do not already possess suitable properties within the region.
Investing in the acquisition of one of these affordable homes in Lisbon could be a wise personal-finance decision, considering the property does not already belong to the applicant or any household member, as per Lisbon Metropolitan Area's regulations. Prospective investors should take note that the lowest eligible annual income for these properties, as per IRS 2023 and 2024 guidelines, is €10,640 and €11,480 respectively.
