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Posted by portugalpress on September 03, 2018

Portugal’s local lodging association (ALEP) has revealed that 40% of short-term holiday homes are located in the Algarve and around 70% are based outside of the cities of Lisbon and Porto.

The data refers to the 72,500 short-term holiday homes, known here as ‘alojamento local’ properties, that are officially registered in mainland Portugal and Madeira. Azores, which has its own registry system, is home to 2,176 of these properties.

Faro stands out as the district with the largest share of AL properties, followed by the districts of Lisbon (25.7%), Porto (11.5%), Leiria (4.6%), Madeira (3.9%) and Setúbal (3.7%).

The association explained that most of these properties (61%) are located in summer destinations with beaches or on islands, while 29% are located in the big cities, namely Lisbon (19.7%) and Porto (8.9%). The remaining holiday homes (10%) are located in inland areas and other towns.

ALEP also revealed that 66% of national short-term rental properties are apartments and 27% are villas.

Since the beginning of the year, 180 parishes throughout Portugal have registered their first short-term holiday home, which means there is one new parish a day welcoming one of these properties, on average.

While there is still no national data on this subject, the association estimates that AL is the livelihood of around 33,000 families in Portugal. ALEP also says there are around 7,000 small businesses that operate in this sector.

“Many of the current AL property owners lost their jobs during the crisis and many of them, of an older age, struggled to find jobs,” said the association, adding that AL became an income solution for them.

M.B.

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