Short-term tourist activity is very developed in Lisbon (4000 housing units), it is perfectly authorized but must be declared to the Town Hall (Camara Municipal), and knows no limitation today in contrast to Barcelona or Paris for exemple.
It is even one of the engines of renovation of the historic center of Lisbon because both Portuguese private investors and foreign buyers, French in particular, buy and renovate apartments or even small buildings, some to derive a rental yield, others To have a foothold in the center of Lisbon to enjoy it a fortnight a year between extended weekends and week of holidays and to rent it the rest of the time.
It is in this latter case to combine the useful with the pleasant, since the good if properly located and decorated will yield between 4 and 5% before taxes per year and should benefit from a potential of revalorization with the increase of Price of m² in the center of Lisbon, already noticeable from 2014.
There are a number of short-term rental agencies active in Lisbon that take care of all the management of this activity: promotion on their website, reservations, check in / check out, cleaning and routine maintenance of the apartment. They levy between 30 and 40% of overnight receipts but provide a complete service for foreign owners and the figure of return of 4 to 5% mentioned above is calculated after deducting the expenses of the agency.
To find out which neighborhoods and types of flats work best and how to arbitrate between price and quality of the apartment versus rental yield, you can contact us for a first general view of the market or for a specific study with our specialist partners