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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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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Tourism, Real Estate and Growth
Nov
21
2016
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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