rental market

David Williams, Nomadx Co-founder Chairman and CEO talks about the impact of Covid-19 on business, affordability, new initiatives, opportunities in the future, adapting to the current lifestyle, young people coming back to Portugal, recovery, listings all over the country, opportunities with risk and much more

Lisbon, Portugal (Photo by WeSetupYourWebViewApp on Unsplash)

Lisbon’s Short-Term Rentals: Occupancy Plummets, But Some Signs of Recovery

Via News Editorial Team4 years ago4 years ago06 mins

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…

Global Office Market to Recover in 10 Years Despite Rise in Remote Work

Via News Editorial Team4 years ago4 years ago05 mins

The coronavirus pandemic hit the global office real estate market hard but it is expected to fully recover in the next decade despite the accelerating remote work trend, says a new study. “The structural impacts of work-from-home trends will be offset by factors such as economic growth, population growth, and office-using penetration, which means demand…

Hosts Turning to Long-Term Rentals Amid COVID-19: NomadX CEO

Via News Editorial Team4 years ago4 years ago05 mins

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…