houses in the suburbs, as well as construction firms in financial trouble. There are more houses in Portugal than the total population of 10 million individuals, since half of the Portuguese families own a country or holiday house, as well as many Europeans who choose to regularly spend their holidays in this Southern European country. Large projects of holiday housing featuring private beaches and golf resorts are very common in the South of the country. Typologies Real estate industry in Portugal usually divides housing units in two classes: apartments (apartamento or andar) and separate houses (vivenda or moradia). The apartments are classified in types T0, T1, T2, etc., that define the number of separate bedrooms. So a T0 means a studio apartment (no separate bedrooms, with bedroom and sitting room combined in the same single room), while a T2 means an apartment with two separate bedrooms (plus a living room). Usually, T0 apartments have a kitchenette while T1 and above apartments usually have a kitchen as a separate room. When an apartment has additional small bedrooms (only allowing a single bed and/or without window), the quantity of these rooms appear in the typology after a "+" (e.g. T1+1, means an apartment with a normal bedroom plus a small bedroom). Separate houses are analogously classified, with a "V" prefix replacing the "T". So, a house with a living room and two bedrooms would be classified as V2. The typologies with higher and lower number of housing units are respectively the T3 and the T1. By the order of percentages, the typologies are: T3 (22,5%), T2 (20,6%), T4 (9,3%), T5 (8,9%), T1 (6,2%) and T0 (1,0%). References Economy of Portugal Society of Portugal Real estate in Portugal