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Some “AL” properties to switch to long-term leasing

The Portuguese government is creating a specific programme of €4.5m to encourage “AL” holiday lets to be transformed to affordable rents for young people. The purpose of the programme is open more affordable housing for urban youth that is accessible and with better conditions. The government also proposes to make available non repayable grants to subsidise the income of the most needy families who cannot cope with these rental expenses.

Dennis Swing Greene

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Madeira Weekly