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DSG – in the pipeline

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DSG – in the pipeline

Tag Archives: oporto

97% of Golden Visas are from acquiring properties on Portugal’s coast

06 Monday Apr 2020

Posted by Ursula in Briefs

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golden visa, lisbon, oporto, porto, portugal

The Government wants to end the granting of Golden Visas for third-country nationals purchasing real estate in the greater metropolitan areas of Lisbon and Oporto. In the seven years since its inception, the plan has barely touched the interior districts of the country. Historically, the concession of Golden Visas has accounted for just 3% of applications to the programme.

Local Lodging registrations down in Oporto

03 Monday Jun 2019

Posted by Ursula in Posts

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al, down, local lodging, oporto, porto, registration

The number of new Local Accommodation (“AL”)  registrations in the municipality of Oporto fell by 40% in the first quarter of 2019 as compared to the same period last year. The City does not manifest the need to implement “AL” containment measures as has happened in Lisbon, considering that tourism in Porto continues to grow and is in good health.

Half of “AL” establishments in Oporto belong to companies

18 Saturday Aug 2018

Posted by Ursula in Posts

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al, local lodging, oporto, porto, portugal

A study carried out by the movement “Oporto is not for sale” reveals that, among the 6,198 Local Lodging registrations in Portugal’s second largest city, 51.3% are enrolled by companies. The leading company holds 70 properties while there are 84 “AL” enterprises exceeding the legal limit of 7 registrations.

Algarve councils to levy tourist tax

14 Wednesday Mar 2018

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airbnb, algarve, amal, lisbon, oporto, tourist tax

AMAL, the Algarve’s mayors’ group unanimously approved the introduction of a tourist tax for visitors staying in the region’s hotels and local lodging establishments. All municipalities in the region have committed to participating in the new charge. While the tax has yet to be set, it is expected that the final fee will follow the example of Lisbon where visitors pay €1 per night per person. Airbnb, the online reservation platform, helps to collect much of the tax and delivers millions of Euros to the city each year. Alternatively, the Algarve councils may follow the model of Oporto that has recently introduced a €2 per night per person levy. The region’s hoteliers’ association along with local lodging owners are expected to oppose the measure.

Each council plans to retain the money raised in their respective townships to be used “in favour of the development of the Algarve municipalities.” The stated purpose is to use the funds for “culture, combating seasonality and promoting the quality of the Algarve.”

The experience gained from Local Lodging over the years needs to be applied to the Tourist Tax concept. The shift from local statutes to national unity has lead to massive compliance, quadrupling the number of registered “AL” businesses over the past four years. Total registrations now surpass 60,000. Hopefully, the tourist tax concept will eventually embrace country-wide implementation rather than different rules and practices in each of Portugal’s 308 town councils. A comprehensive plan would eliminate local deviations which only create confusion and a sense of unfairness amongst visitors.

If a tourist tax were applied as occurs with “IMI” (Municipal Property Tax), where all municipalities reap the benefits proportionally, leaving tax collection from agents in the hands of the “AT” (Tax Authority), the outcome would increase local revenues while strengthening equity and harmony.

Foreigners bought 25% of the homes sold in 2017

12 Monday Feb 2018

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algarve, foreigners, homes, increase, lisbon, madeira, oporto, portugal, price

Last year, 152,000 homes were sold in Portugal, an increment of 25%. French and Brazilian are the foreigners who are buying more properties. The jump in demand also led to a substantial increase in prices: Lisbon up 37%, Oporto 29%, Madeira 24% and the Algarve 18%.

Local Lodging prices rise in Lisbon and stabilize in Oporto

24 Thursday Aug 2017

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lisbon, local lodging, oporto

The average cost of Local Lodging increased 4.6% in the centre of Lisbon and 0.3% in the historical neighbourhoods of Oporto in the first half of 2017 as compared to the previous six months period according to a recent study.

Oporto tourist tax in 2018

08 Saturday Jul 2017

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2018, change, january, oporto, porto, revenue, tax, tourist

Based on the number of overnight stays last year (6.8 million) to be charged at 2 euros per night per person, the total anticipated revenue for the municipality is expected to reach 13 million euros. The city is preparing the process of applying the new tourist tax and anticipates implementing the new levy in January next year.

Portugal pioneers in Local Lodging

03 Saturday Jun 2017

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investment, lisbon, local lodging, oporto, portugal, restoration

Innovation in the regulation of local lodging has made Portugal a case study. Short term holiday letting is an integral part of the current Portuguese tourism boom. Dilapidated heritage districts in Lisbon and Oporto have a new lease on life with private investment driving much needed restoration. As with any phenomenon of rapid and disorderly growth, distortions have emerged. But this should not be a pretext to kill the chicken that lays the golden egg.

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