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Advisor(s)
Abstract(s)
The decision of buying a house is not done in an unexpected way. The subprime crisis in the US, the
European bank crisis and the third Portuguese rescue from the Troika have caused so changes in the housing
and rental market in Portugal, changes which we have explored in this study. This research is based on a
framework developed by Tabner (2008) in order to analyse different housing owners/investors profiles, in our
case, the fully funded profile and the partially funded profile, not less important, we also analysed some
qualitative approaches of owning a house, as advantages and disadvantages of the housing market and the
renting market, as well, two specific cases that are linked with the housing and renting market, Airbnb and
Modular construction. For the period in study, from 2000 until 2013, a fully funded consumer with a tax rate
of 35% would be the financially wiser profile if bought a house, in contrast to the partially funded profile with
buy-to-let intentions that, by buying a house, with a market price of 100,000€ would yield a negative NPV of
51,500€, meaning that instead buying a house, this profile, for the period in study should rather have chosen to
rent a property.