Lisbon overtakes Barcelona in local accommodation

Lisbon has overtaken Barcelona in terms of local accommodation.

in World · 25 Mar 2019, 09:44 · 6 Comments

According to financial online publication Dinheiro Vivo, there are neighbourhoods in Lisbon in which up to 40 percent of housing is now used for short term rentals.

There are currently close to 18,000 properties in Lisbon registered as Local Accommodation, having seen growth of 12 percent between August last year and this month, and overtaking the 14,900 properties registered in Barcelona.

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Comments

The sharing economy is good for everyone! It's about time individuals start earning income out of their private properties instead to big hotel chains making all the money, paying minimum salary to local people and taking the profits out of the country!

By Anna from Madeira on 25 Mar 2019, 13:01

Yeah, good for everyone except locals looking for an affordable place to rent in the city! Available rentals are scarce, rents are insanely high, and many of these short term rental properties are owned by foreign investors anyway. What a shame!

By Chris from Lisbon on 26 Mar 2019, 07:28

This isn't the sharing economy though. Lisbon's real estate has been taken over by investment groups or foreigners for pure speculation. The airbnb's are not owned by Portuguese families, nor are they run by them. They are all managed by a handful of companies who have monopolised the market and are essentially serviced apartments using the airbnb platform to take bookings.

If you look back at what airbnb was built for - a family or individual who has a spare room that they want to rent out, or, rent their whole home out when they're away on holiday, the situation in Lisbon is the complete opposite.

By Frank from Lisbon on 26 Mar 2019, 09:22

Many locals have been forced out of properties where they had lived for many years because owners can earn more from short term rentals.

By Michael Redbourn from Other on 26 Mar 2019, 09:32

I'm a residence in Lisbon and fully agreed with the article. It's quite impossible to have a good life in Lisbon city because of law salary and high house rent. Even its harder to have a house for rent.

By Mijanur Rahman from Lisbon on 26 Mar 2019, 11:55

Excellent post. It is very informative information about motels accommodation. It is very useful for everyone. I love reading this information. Thanks for sharing this information.

By Terry Murray from Other on 02 Aug 2019, 12:09