NALLE

“Disneyfication” pushing Amsterdam towards ban on Local Lodging

Banning short-lived Airbnb accommodation in bustling areas, diverting cruise ships from the centre, boosting the tourist tax to almost double, and even limiting “fun” activities such as boating or Segway tours are just a few of the measures that are on the table to control tourism in Amsterdam.

Airbnb to report homeowners’ income directly to tax authorities in Denmark

Danish tax minister, Karsten Lauritzen, announced that the country wants a “sharing economy” to flourish, but on condition that operators pay tax. Denmark will also limit property listings to 70 nights a year. Owners can benefit from a tax-free allowance of up to €5,400 per annum. In addition to tax issues, Airbnb is blamed for pushing up house prices in major cities.

More than 29,000 non-EU foreigners living in Portugal

Last year, immigration grew 19% as compared to 2016, the highest increase in the last five years. “SEF” granted 29,055 residency permits (AR) to third-country nationals from outside of the EU in 2017, approaching pre-crisis figures.

2.6 million Tourists in Airbnb in Portugal

The growth of Airbnb in Lisbon can be seen through the tourist taxes delivered to the City Council. In 2017, the total value of this levy charged in Lisbon in local lodging accommodations available on Airbnb came to €3.8 million. The number of guests staying in the Airbnb platform jumped from 1.6 million to 2.6 million last year.

New long-term housing policy

Prime Minister António Costa declared: “We do not have an excess of Local Lodging. We have a lack of affordable housing.” The Government presented its “New Generation of Housing Policies” (NGPH), which includes various measures to stimulate urban rental and rehabilitation. Beyond contributions from the state, the goal is to create incentives for private individuals to place their properties with an affordable lease.”

Portuguese amongst highest Airbnb earners

The average annual income per owner of homes placed in Portugal on the Local Lodging network, Airbnb, is higher than in Italy or Spain. Only Japan surpasses the national average, according to a study by the International Monetary Fund (IMF), which sees room for increasing taxes on this type of “digital” business.

43% of business travellers use “AL” accommodations

More than four out of ten enterprises follow the trend of leisure tourists and choose Local Lodging for company travel, as revealed in a recent study by the Travelstore American Express. The survey shows that businesses are increasingly confident and express willingness to invest more in travel to Portugal over the course of 2018.

Majority of Local Lodging buildings were vacant

60% of the buildings currently used in Local Lodging were previously uninhabited according to a recent study issued by the Portuguese Hotel Association (AHRESP). Only a minority served as long-term leases to locals. The report also concluded that 56% of the “AL” buildings in Northern Portugal were formerly unoccupied. In the centre, the percentage of empty dwellings was 47% and in the Alentejo, 55%. The Algarve, Madeira and the Azores are still under analysis.

“IRS 2017” reporting underway

Five million households have two months ending 31 May to submit their “IRS” income tax return for 2017. The reporting period began on 01 April with more than 260,000 taxpayers presenting their online declaration on day one. (Keep in mind that paper forms are no longer available and that all reporting must be done online via the “AT” portal).

Foreigners bought 25% of the homes sold in 2017

Last year, 152,000 homes were sold in Portugal, an increment of 25%. French and Brazilian are the foreigners who are buying more properties. The jump in demand also led to a substantial increase in prices: Lisbon up 37%, Oporto 29%, Madeira 24% and the Algarve 18%.

July 2018
M T W T F S S
« Jun    
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
%d bloggers like this: