NALLE

Portugal pioneers in Local Lodging

Innovation in the regulation of local lodging has made Portugal a case study. Short term holiday letting is an integral part of the current Portuguese tourism boom. Dilapidated heritage districts in Lisbon and Oporto have a new lease on life with private investment driving much needed restoration. As with any phenomenon of rapid and disorderly growth, distortions have emerged. But this should not be a pretext to kill the chicken that lays the golden egg.

Long term lets continue to rise in Lisbon

Living in Lisbon is increasingly expensive. The tourist boom in recent years has triggered rental price hikes in the country’s capital. The latest study reveals that apartment leases rose 23% in 2016, to an average of €830 per month. In the Chiado district, purchase costs average €6,700 per square metre.

No changes in Local Lodging law before the end of 2017

With all political parties submitting their own proposals, the parliamentary calendar will only consider changes to the law governing of local lodging next year. The ruling Socialist Party wants to make permission dependent on the approval of neighbors in condominiums.

Landlords investing in private student residences

Private student residence letting is a burgeoning business that reconciles some of the vagaries of short term lets common in local lodging with the stability of medium term rentals while avoiding the ongoing commitments endemic in long-term leases. In university cities like Lisbon, Porto and Coimbra, the average price for a student room currently runs around €350 per month.

Airbnb generates more than one billion Euros in Portugal in 2016

The online hosting platform generated €1.07 billion in Portugal last year, almost half in Lisbon. Airbnb said that this figure accounts for “all the money that Airbnb guests spend during their stay as well as the amounts that hosts with ads on the platform earn in their hosting activity.”

Becoming an Airbnb “Superhost”

With more than 140 million guest arrivals to date, Airbnb has proved a boon for hosts and an attractive option for travelers looking for a hotel alternative. In the process, you can earn the classification of a Superhost, which means that you have hosted many guests and consistently received five-star reviews. This is a selective group; only about 7 percent of hosts earn the title of Superhosts. (more…)

Airbnb generates more than one billion Euros in Portugal in 2016

The online hosting platform generated €1.07 billion in Portugal last year, almost half in Lisbon. Airbnb said that this figure accounts for “all the money that Airbnb guests spend during their stay as well as the amounts that hosts with ads on the platform earn in their hosting activity.”

Forced tax collection to reach €1,100 million in 2017

Forced tax collection should allow the AT (Tax Office) to collect 1,100 million euros throughout 2017. To reach this aim, the “AT” is reinforcing automatisms and computer applications in order to be able to monitor more effectively the progress of processing tax debts. This represents a decrease from previous years since overdue taxes have also diminished.

Hotel group leader supports Local Lodging

In an interview with the “Jornal de Negócios” and “Antena 1“, the president of the Pestana group, José Theotónio, declared that: “Airbnb, Local Lodging and hostels are all welcome. They represent competition but are necessary to build Portugal as a cosmopolitan and sustainable tourist destination.” This statement signals a significant turn-around in the tradition hostility voiced by the hotel industry towards peer-to-peer holiday lettings.

Tourist lets only with licensed properties

As of 01 July, online letting platforms such as AirBnB and Booking can only list properties duly  licensed in the National Tourist Registry. The obligation to enroll is part of a simplex initiative known as “Simpler Tourist Licenses”. With the new regulation, the Government intends to avoid unfair competition between property owners and tour operators as well as strengthen compliance.

August 2017
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