Applications for affordable rents end in late October.
The Rent to Sublet Program will have applications to access affordable rent houses open until the end of this month. Find out if you can apply and how to access other options.
Need help finding a property to rent? Budget is tight and you may need a financing solution to cover expenses? We provide the right services to help you: The real estate agency Casa no Minuto and the credit intermediaries at Poupança no Minuto. To better understand how affordable rent applications work, we explain next.
Applications for affordable rents open until October 31
During the Rent to Sublet Program, applications for the lottery of affordable rental homes remain open until October 31st.
According to the Government, as you can read in Notícias ao Minuto publication, in this program there are more than a hundred properties available, with rents starting at 325 euros.
The houses are scattered across 18 municipalities in the country, totaling 106 residences: "The competition, under the responsibility of the Housing and Urban Rehabilitation Institute, I.P. (IHRU) will allow houses to be assigned by drawing lots in Albufeira, Almada, Amadora, Lisbon, Loures, Marinha Grande, Odivelas, Oeiras, Sintra, Torres Vedras, Praia da Vitória, Gondomar, Maia, Penacova, Porto, Vila Nova de Gaia, Vila Nova de Famalicão and Matosinhos".
The homes are intended for own and permanent housing of the families applying, with the burden rate not exceeding 35% with the income.
Note that these accommodations begin by being rented and then sublet to families or individuals at a lower cost.
Are you going to apply? Find out if you are eligible.
To apply for one of the affordable rental homes, you must meet certain requirements, as described by the Government in a statement quoted by Notícias ao Minuto: "Eligible are individuals or families with annual incomes up to the 6th income level of the IRS, with priority given to households with members up to 35 years old, single-parent families, or families with income decreases of more than 20% compared to the income of the three previous months or the same period of the previous year".
You should also know that, if you apply (until October 31) and are accepted in one of the houses with affordable rent, the lease contract lasts for five years, with renewal for equal periods.
Renting a property can be easier with support
Renting a property outside of Government support programs can currently be costly. Rents are high and the budget of the Portuguese people for the most part does not keep up with inflation in the real estate market.
But doing it with help can make it easier. And by help we mean support in finding the best (and cheapest) property according to your family's needs, or financial support.
If you need assistance in finding the right property to rent, with the best advantages in terms of cost/benefit, the real estate agency Casa no Minuto is here for that! They can accompany you throughout the entire process, handling bureaucracy, mediating communication, negotiating values, and choosing the right house for you.
However, if the budget does not cover all expenses, as a last resort, you can always request financial support through a personal loan that helps you pay off expenses. It can be an immediate relief solution, although it has more costs in the long term. In this case, you can seek advice from the credit intermediaries at Poupança no Minuto to find the best financing proposal for you.