SocietyHousing

The conclusion of the works regarding the new buildings in the area of the Carvalheiras, in Lapa and in Pereiró enabled the City Hall to increase the supply of social housing in the city. Now, there are 68 new municipal dwellings and the housing process started already.

Rui Moreira, Mayor of Porto, and the councillor for Economy, Tourism and Trade, Ricardo Valente have visited the University Campus of Asprela, namely the campus accommodation LIV Student – Polo Universitário, which is almost completed and is only yards away from the metro station that serves different faculties of the University of Porto.

Porto City hall is conducting a study to get to know the know Porto’s residential market dynamics. In order to help diagnose and characterize the market search, all people that live, work and visit Porto can participate in the survey until 24 May.

Out of the 747 received applications under the 9th edition of the Porto Solidário municipal programme 419 applications have been approved. One hundred more since the programme has been launched, in the end of February. This programme is targeted at granting economic support to economic vulnerable households regarding house rent or purchase. The Municipality is strengthening the initial funding of this edition so as to include all the applications received.

Student accommodation in Porto will be enhanced, with two university campus inaugurating in Asprela: the Miranda Oporto, which will start running in the beginning of the school year, and the Liv Porto – The Street, which will be concluded in 2022. The investment in the university campus is by Valeo Management Europe, of the American group Valeo.

Porto Solidário municipal programme received 747 applications between 19th January and 15th February. Thus far, 319 applications have been approved, of which 289 have already been granted support for a period of 24 months, worth 198.70 euros per application, on average. The analysis process is ongoing.

The traditional real estate market is changing, with different approaches to living, working and socializing. Student’s residences can meet these changes as a place to live and to work. That concept is starting to take shape in Porto with Smart Studios construction of 280 rental apartments already commencing. The endeavour is targeted at students and young professionals, and offers meetings rooms, dining rooms, study and lounge areas, gymnasium and also fitness and yoga spaces.