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Local Lodging (“AL”) is the source of livelihood for 60% of Lisbon owners

In almost two-thirds of cases, Local Lodging (“Alojamento Local”) is the main economic activity for Lisbon homeowners who choose to let holiday accommodations to tourists. This is one of the conclusions of the study on “AL” offerings in the Portuguese capital that was developed by the Higher Institute of Labour and Business Sciences (ISCTE). According to the same study, almost 86% of “AL” offerings are in apartments.

IMPORTANT NEWS – LL renewals

The Government is tying up some loose ends:
 
Home owners who rent out their property to tourists, have to prove to the City Hall until December 28, 2014 that they registered their activity with the Tax Office, otherwise they risk losing the Local Lodging License (Alojamento Local). 
This way, the state wants to make sure it receives taxes from all businesses.

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