Thousands Protest in Portugal Over Housing Crisis

This is the best tl;dr I could make, original reduced by 54%. (I'm a bot)

LISBON - Thousands of people took to the streets of Lisbon and other cities across Portugal on Saturday in protest against soaring rents and house prices at a time when high inflation is making it even tougher for people to make ends meet.

"There is a huge housing crisis today," Rita Silva, from the Habita housing group, said at the Lisbon protest.

Rents in Lisbon, a tourist hotspot, have jumped 65% since 2015 and sale prices have sky-rocketed 137% in that period, figures from Confidencial Imobiliario, which collects data on housing, show.

The average rent for a one-bedroom flat in Lisbon is around 1,350 euros, a study by housing portal Imovirtual showed.

Low wages and high rents make Lisbon the world's third-least viable city to live in, according to a study by insurance brokers CIA Landlords.

"With my salary, which is higher than the average salary in Lisbon, I cannot afford renting a flat because it's too expensive," said Nuncio Renzi, a sales executive from Italy living in the capital.

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