Athena Insight Lisbon Airbnb Market Report13 June 2017
Lisbon’s low cost of living, rich cultural offering and upbeat atmosphere stemming from a city that’s undergoing continued regeneration is elevating its position as a European tourism heavyweight. A buoyant property market is both a cause and an effect of this trend. Property in Lisbon is undergoing an exciting transformation as old period buildings are being carefully regenerated across the city to a standard synonymous with an increasingly demanding international tourism market.
Whilst Airbnb’s growth is being stunted in Berlin and questioned in Paris, in other European capitals the new-age online rental accommodation company is growing fast and with it, the approach to everything from property rentals to sustainable tourism management is changing.
Airbnb economic contribution
In 2015 Airbnb brought €268 million to the Lisbon economy, acting as the accommodation solution for 433,000 visitors throughout the year, according data from the company itself. Of the €268 million €43 million was generated through hosts, with €225 million spent by the guests in the city. Of this the majority was spent in restaurants (37%), shopping (21%), Entertainment (15%), transport (13%) and supermarkets (12%).
The extinction of inheritance tax in 2004, plus fiscal benefits for retirees, and low or even no taxation on profits and dividends generated outside of Portugal has brought a new type of immigration to the country. The new wave of “Lisboetas” are qualified professionals looking to have a fantastic quality of life, and invest wisely and securely
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