Housing
Lisbon has lost 40% of its local accommodation (AL) in three years
The number of active Local Accommodation (AL) registrations in Lisbon has fallen by 40%, dropping from approximately 20,000 to 11,860. This decrease is attributed to stricter new license requirements and enhanced enforcement actions against 'ghost' units, though rental prices in the city have not decreased as a result.
Why it matters
While this is a significant shift in Lisbon's housing market, it does not currently translate to lower rental prices for residents; it primarily signals that local policy is successfully reducing the number of short-term tourist rentals.SIC NotíciasRead original ↗
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