The Regional Government expressed its satisfaction today with the adherence of more than 20 Azorean companies to the call for tenders for house acquisition.
The measure to support the housing sector and its implementation, whose period to submit proposals started today, represents a 36 million Euro investment and demonstrates, according to the Vice-President, the expectation of the Azorean Government to consolidate the balance of the house market in the Azores. 
“The number of companies that have applied for and the respective houses demonstrate today that the Government’s perception regarding the housing market was correct, there is, the number of houses that the Government is willing to buy corresponds to the number of houses required for the resumption of the housing market,” stated Sérgio Ávila.
The Vice-President also reminded that balancing and restoring the dynamics of the housing market are the purpose of this measure and not the acquisition of all houses on the market,” stressing that “the number of houses in the market is actually lower than the number disseminated by some private entities.”
The proposition submitted today will be analysed according to the regulation, safeguarding a number of limitations regarding the distribution of the houses by various municipalities on several islands, as well as by different real estate and construction companies.
For the Vice-President, this is a measure that will restore the balance and normalisation of the housing sector in the Azores.
“We have managed to preserve the balance of this sector of the Azorean economy and to introduce a significant level of liquidity and of economic resources to construction companies, in a short time between the public announce of the measure and its implementation, thus enhancing the resumption of their normal investment levels and their economic and financial balance,” underlined Sérgio Ávila.
21 companies from the construction and real estate sector have applied for this measure, presenting a total of 475 available houses, particularly on São Miguel and Terceira.
This is a measure that estimates a global investment of 36 million Euros, which is directly related to the awarding of houses to the Azorean families on a lease scheme with a purchase option, in process compatible with average income levels.
According to Sérgio Ávila, these are two complementary measures that correspond to the Government’s commitment to support the Azorean companies and families.
“With these two measures, we have restored the normal operation of the housing market in just five months, thereby supporting the companies of the construction and real estate sector and simultaneously providing Azorean families the possibility of purchasing houses at a low cost, which will establish a balance between supply and demand. Hence, we are creating an additional stimulus to boost the regional economic activity and a very significant support to the families with an average income,” concluded the Vice-President.