Tourism

Tourism is a strong driver of the real estate market, either through the purchase and sale of properties intended to serve this sector, or because many tourists after visiting Portugal end up interested in purchasing a house, as a second or first home.

It is therefore a subject that I will follow on this page, through the news that are suggesting on this topic.

 
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It is recalled that the neighborhoods of Graça, Santana Hill, Alfama, Bairro Alto, Castelo, Madragoa and Mouraria have been prevented from accepting new Local Lease registrations pending the definition of a new regulation, which has now been published.

This new regulation aims to respond to the growing housing allocation in Lisbon for the Local Leasing activity, creating ...

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According to a statement from the Web Submmit organization:

Part of the deal is to double the size of Altice Arena and FIL over the next three years to respond to Web Summit's growth plans. The start of the first expansion phase of the project will begin in the coming months and will be completed for the 2019 Web Summit.

The first phase of the work will start in the coming...

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Eduardo Jesus, the secretary of state, justified this diploma with the need to “ adjust the accommodation offer, with regard to typologies, reality and market trends ”, as well as simplifying procedures.

The simplification of licensing will be done by reducing deadlines and including new accommodation models such as glamping (luxury...

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The economic activity of renting houses, on a short-term basis, has expanded a lot due to tourist demand, leveraged by the international promotion of regions such as Lisbon, Porto and Algarve. There are those looking for short-term accommodation for holidays, business trips, congresses and conferences, weekend getaways, etc. Some of the driving factors of this type of business are:

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In global terms, tourist revenues grew by 1,376 million euros (+ 10.8%) in September, compared to the same month of 2015.

There are several countries that have been gaining importance in the panorama of international real estate investment in Portugal. This week, the Secretary of State for Tourism, Ana Mendes Godinho, revealed some figures related to international...

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The website www.airbnb.pt, was created in 2008 and allows for easy navigation to search for accommodations in over 34,000 cities and 191 countries. Altogether, this service competing with traditional tourist accommodations, has already provided more than 60 million overnight stays.

Lisbon and Porto, as well as other Portuguese cities, have enthusiastically joined this new business...

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