One of the latest crisis in the city is the rental business since the gradual abandonment of rent controls in Portugal continues to create market distortions
Lisbon is a city weighing the benefits of expanding tourist accommodation at the expense of domestic housing, upmarket condominiums rather than affordable homes, and modern retail outlets that threaten older shops. Overhanging all these debates is the divisive issue of rent control.
We have seen a transformation of housing from residences for families to a short-term rental. Private houses rented out for tourism that, in some areas, caused the rent price to rise by 30-40 % over the last few years, which is practically unbearable for local Portuguese people.
Most of the inhabitants are not against tourism. They are against the exploitation of houses for tourism that is pushing people born in Lisbon outside the city.
All the best from Lisbon,
* Este artigo foi originalmente produzido como correspondente da STUDIO Urban Magazine [10/08/2018]