It doesn't matter if rents are curbed under 1k a month. The median under 25 earns less than 700 euros a month.
I talk to people in Portugal and I hear more or less the same salary discussions and ranges for more than 20 years. It is a stagnant labour market for literally +20 years! When adjusted to inflation it becomes even more ludicrous.
The iron curtain countries in the Baltic as well as Slovenia and Czechia, have all surpassed Portugal in wage growth. That should give anyone reason to pause.
Portugal has a few succesful SMEs, a wine industry, a cork industry, some textiles and not much more to show.
The Portuguese economy is mostly services which are circular not actualy exported and the obvious exported component which is Tourism.
The majority of Portugal's EU Cohesion Funds were sunk on motorways. The country has suffered from lack of strategy in both Government and Industry since the 80's.
There is only so much we can keep blaming on the dictatorship regime of Salazar 50 years ago. At some point politicians and business owners/investors need to take ownership of their fuck ups.