Porto City Council to Build 170 Subsidised Homes

13 June 2019Richard D. K. Turner

According to an article on Idealista, the Porto City Council is planning on building 170 homes on a 19,000 square meter plot of land next to the Ipanema Park hotel, in the parish of Lordelo do Ouro. The municipality intends to invest up to 19 million euros in the project. The plan is to place the homes on the rental market at subsidised rates. Construction on the new, middle-class development is expected to start at the beginning of 2021. The planned monthly rent for a two-bedroom home is 400-500 euros.

Original Story: Idealista