Tag Archives: home

More than 80% of Local Lodging offerings are second homes

24 Wednesday Oct 2018

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In Portugal, there are ±1.1 million second residences, according to National Statistics Institute data, comprising 80% of “AL” offerings. These dwellings have a low utilisation rate: less than 30 days a year. When engaged in Local Lodging, the average yield per owner is €11,000 euros. Lisbon and Porto tell a different story. In these two urban areas, “AL” is driven primarily by investment properties, not second residences, and foreign buyers.

Home Ownership in Portugal: “Land rich, cash poor”

04 Wednesday Jan 2017

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Local Lodging has the potential to unlock untapped financial resources from home ownership. Three out of four Portuguese nationals own their own homes (74.9%). Portugal ranks well ahead of many wealthy countries in Europe and around the world in home ownership:  Sweden (70.6%), the Netherlands (67.8%), Canada (67.9%), USA (64.5%), France (65%), UK (63.5%), Germany (52.5%) and Switzerland (44.5%). Accentuating these statistics is the fact that multiple home ownership is commonplace in Portugal.