Portugal cancels new Airbnb permits to ease housing crisis

The country relies heavily on tourism, but this has proven to be a double-edged sword in the long run.

February 22, 2023.
The Portuguese government has announced a series of measures to address the ongoing housing crisis, where a growing number of residents cannot afford to pay property rental prices, especially in large cities. And the reasons that led to this are foreign tourists and investors, it is stated. Portugal is in the middle of a serious housing crisis, and one of the causes is Airbnb rentals, which are raising prices for local residents as well...
Already have an account? Join us
Premium
February 22, 2023.