The commentator for CNN Portugal, Centeno, considered that the Portuguese housing market is dysfunctional. His intervention comes in the context of debate about access to housing and the growing indebtedness of Portuguese families.
Centeno warned that Portugal is launching a young generation into a level of indebtedness that hasn't existed in the country for many decades. This situation raises concerns about the financial sustainability of young Portuguese people in the coming years.
According to the commentator, the State's public guarantee for housing credit eliminated many years of policies of aversion to systemic risks. This measure will have contributed to facilitating access to credit, but simultaneously increased the financial exposure of young buyers.
