Friday 28 de August de 2026 · Macaronesia
The Azores' second city, a UNESCO World Heritage Site, is watching rents climb sharply amid demand from personnel linked to Lajes Air Base and a shortage of fl…
The price per square metre has risen sharply, pricing much of the under-35 population out of the market.
Proximity to Lajes Air Base is reviving rental housing demand, with growing competition between local residents and foreign personnel.
Numerous traditional houses stand empty for most of the year, owned by emigrants who return only in summer.
Holiday lets and second-home purchases by foreigners are emptying the Unesco-listed centre of its residents.
Restaurants, accommodation providers and farms report difficulties offering staff housing that is nearby and affordable.
The rise in flight connections and activity at Lajes Airport is driving interest in buying and renting property in its catchment area.
The small freguesia on the south-east coast combines a rich historical heritage with the same housing access problems seen in other rural communities.
Landscape protection rules restrict building across large areas, one of the factors curbing the supply of land, according to the industry.
Restoration work on traditional stone facades is enhancing the town's heritage, but it is also driving up the price of renovated homes.
The regional administration is looking at extending to Terceira's municipalities the tools already applied on other islands, alongside new rental assistance sc…