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111 stores have closed in the four main streets of the Baixa de Lisboa – Augusta, Prata, Ouro and Fanqueiros – since March, the vice president of the Baixa Pombalina Dynamics Association revealed to “Expresso”. “The closing trend is going to get worse,” warned Vasco de Mello.
According to the group’s newspaper Impresa, the health and socioeconomic crisis caused by Covid-19 increased non-compliance and the handover of keys, but prices did not drop. In addition, there are marked drops in consumption that force tenants to close their doors. For many merchants, the lack of people on Rua Augusta is comparable to what happened after the Chiado fire.
Contacted by the weekly, the vice president of the Lisbon Homeowners Association explains that in five months, between April and August, “the rents were not paid to the owners, without even a tax holiday or any support.” “There is only the obligation to pay the debt as of January 2021 and the law provides for up to 24 installments,” said Iolanda Gávea.
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