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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.
Property owners who rent out an empty property, can continue to charge rent without VAT, unless the property is prepared for a commercial activity or if they offer additional services to the tenant, such as management, gardening or maintenance.