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Lisbon mayor Medina to turn Airbnb-style homes into “safe rentals”
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 reports traffic surge to raise hopes of Portugal holiday season
Reading Time: 2 minutesPortugal: Real estate and property management portal Imovirtual has reported a surge in user traffic from European countries outside of Portugal, which suggests travellers are optimistic about their chances of taking a holiday in the country this summer. Data shows that user traffic increased by 38 per cent for the seven days ending 19 May […]
Portuguese Airbnb owners resist transition to low cost housing
Reading Time: 2 minutesPortugal: Though Portuguese Airbnbs remain empty, thousands of owners have resisted government programmes to transform their properties into low-cost housing. This news comes as many properties across the world are returning to traditional letting models. According to Portuguese holiday let association ALEP, only one in ten short term rental owners is considering the jump to […]
Imovirtual analyses rental and property price changes in Portugal
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 planning to double €51m portfolio in Portugal in 2020
Reading Time: < 1 minutePortugal: Property management company GuestReady plans to double its portfolio in Portugal in 2020 after reaching €51 million in properties managed in the country after one year of being active in that market. Speaking to Lusa, GuestReady CEO Alexander Limpert said that the company has “ambitious growth plans” in Portugal and that he is expecting […]
GuestReady reveals profitable rental locations in 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 […]
Porto opts not to follow Lisbon’s lead in suspending short-term rental licences
Reading Time: 2 minutesPorto: The mayor of Porto, one of Portugal’s largest cities, said in a council meeting the city would not follow Lisbon’s plans to suspend licences for short-term rentals. The situation in the Portuguese capital has persuaded the local government to propose adopting such measures, in which the growing use of short-term rentals by tourists has […]
Protests in Lisbon over soaring numbers of short-term rentals
Reading Time: 2 minutesLisbon: Hundreds of protesters took to the streets of Lisbon on Saturday to voice their anger at soaring numbers of short-term tourist rentals and rising rents. Those marching through the Portuguese capital held up banners displaying slogans such as “Rein in rents, stop expulsions” and “enough tourism rentals”, in a demonstration that resembled others seen […]