Government of the Azores promotes long-term property lease in the municipality of Ponta Delgada
The Government of the Azores, through the Regional Secretariat for Social Solidarity, has signed a lease agreement for the placement of 75 one-bedroom, two-bedroom and three-bedroom apartments in the village of Arrifes on the leasing market.
The property is located in the Piedade Jovem neighbourhood, having been recently acquired by a private investor. It will be fully refurbished by the new owner in order to be placed on the long-term leasing market.
With this agreement, the Government of the Azores guarantees that these apartments will be granted under controlled or supported lease schemes by the end of 2019.
The initiative falls within the measures developed by the Government of the Azores to promote affordable housing for all Azoreans.