The tidal wave of travel cancellations that came along with the coronavirus pandemic upended usual accommodation patterns and put heavy pressure on occupancy levels across the world. Portugal was no exception, with its always-bustling capital now much quieter than usual and a large number of its hotel rooms and vacation rentals remaining dormant. Exclusive…
The number of new listings coming onto the short-term rental market in Portugal has plunged as lockdowns to curb the spread of the coronavirus paralyzed the sector. Only 6,000 new properties have been listed across the country this year so far—the lowest figure since 2015, according to exclusive statistics provided to Via News. Out of…
The impact of the coronavirus pandemic on the global property market is well reflected in the grim statistics that are being released daily. The real estate sector in Portugal, like in many other countries, took a huge hit when the novel virus began to set the world ablaze with fear and uncertainty. With tourism at…
More and more units that were listed on short-term rental platforms prior to the coronavirus outbreak are moving to the long-term market, according to a Lisbon-based industry expert who says the pandemic’s fallout has made Portugal more affordable. “It’s still a little bit uncertain what’s happening, but there was a big shift for hosts to…
