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LUGGit raises €1.8m to drive expansion strategy

LUGGit

Reading Time: 2 minutesSpain / Portugal: Professional luggage management service company LUGGit has sealed a €1.8 million financing round with three investment funds focused on Portuguese companies.

Portugal bans new rental licences to tackle housing crisis

Portugal

Reading Time: 2 minutesPortugal: Portugal has put an end to its contentious ‘golden visa’ scheme and introduced a ban on new licences for short-term rentals as part of a €900 million package of measures designed to alleviate the country’s housing crisis.

RECHARGE 2023: Lisbon event recap

RECHARGE

Reading Time: 2 minutesPortugal: IHM held its fifth annual RECHARGE event in Lisbon, hosted at coworking venue Heden Santa Apolónia. RECHARGE is an in-person event which relocates every year to a different European city. It is hosted by International Hospitality Media (IHM), the publisher of four B2B hospitality and real estate media brands: ShortTermRentalz, Urban Living News, Boutique […]

Lisbon mayor Medina to turn Airbnb-style homes into “safe rentals”

Medina

Reading Time: 3 minutesPortugal: In an open letter published in The Independent, Lisbon’s mayor Fernando Medina has pledged to turn Airbnb-style homes into “safe rentals” as the Covid-19 pandemic wanes due to concerns over mass tourism. In the article, Medina said that while the capital city had benefitted “enormously” from tourism in recent years, the prevalence of Airbnb-style […]

Imovirtual analyses rental and property price changes in Portugal

Imovirtual

Reading Time: 3 minutesPortugal: Portugal-based real estate and property management portal, Imovirtual, has analysed how the Portuguese rental and property market is remaining resilient despite Covid-19 forcing a global lockdown and restrictions on travel worldwide. The current global pandemic has created a wave of concern amongst the entire worldwide population, for both health and financial reasons. As of 18 […]

GuestReady reveals profitable rental locations in Portugal

Portugal

Reading Time: 2 minutesPortugal: Property management company GuestReady has revealed Avenida dos Aliados in Porto and the Chiado neighbourhood in Lisbon are the most lucrative locations for short-term rentals in Portugal. According to the agency’s latest report, the aforementioned communities can have two-bedroom apartments rented out for €150 per day. The report was based on the average values […]