Montijo's Waterfront Neglect and Housing Crisis Under Fire in Mayoral Race
A candidate in the Montijo mayoral race is targeting the city's housing crisis and urban decay, presenting a plan that could create significant opportunities for real estate investors. Luís Miguel Franco (CDU) has slammed the current administration for neglecting the city's prime waterfront and allowing housing prices to become 'absolutely unreasonable'.
What Foreign Investors Need to KnowFranco's platform focuses on two key areas ripe for investment: large-scale urban regeneration and housing development. He plans a major rehabilitation of the 'abandoned and neglected' waterfront, transforming it into a center for tourism and leisure. 'A revitalized waterfront in a key Lisbon-adjacent city like Montijo could see a substantial appreciation in property values,' notes a real estate analyst. The candidate also criticized the current government for mismanaging housing funds from the EU's Recovery and Resilience Plan (PRR) and pledged to use all available funding to build public housing, a move that could help stabilize the volatile rental market.
Actionable Steps for Today's Buyer- Scout Waterfront Properties: The promise of a major waterfront renewal makes this area a prime target for investors looking to acquire property before development begins.
- Invest in Historic Renovation: With a focus on bringing life back to the 'deserted' historic center, there will be opportunities for renovating older buildings for residential or commercial use.
- Monitor Public Housing Policy: An increase in public housing can impact the private rental market. Investors should analyze how new supply could affect their rental strategies and target demographics.
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