Find out where the new registrations of Alojamento Local are suspended
One of the main attractions of real estate investing in Porto has been the possibility offered to small investors to monetize their properties by renting to tourists.
However, some areas of the city of Porto presently present high levels of concentration of Local Accommodation units, so the Porto City Council, in order to balance the interests of the various tour operators and the local population, chose to define areas of containment.
Thus, under the new law of Alojamento Local, the Porto City Council decided, on July 15, 2019, the new areas where registration is temporarily suspended.
As a result of this decision, all registrations of local accommodation in the suspension areas, carried out from 23 July 2019, will be suspended from the review process for a maximum of 6 months.
The following are included in the containment zones:
- New Customs Street
- Reboleira Street
- Mouzinho da Silveira Street
- Sá da Bandeira Street
- Among others
To know which areas are covered by this measure, we provide you with a map with the locations HERE.
Real Estate Boutique has several projects for development in LISBON
that are not in areas covered by these restrictions. Get to know our PORTFOLIO
and learn how you can move forward with your projects for Alojamento Local.
If you would like more information on this or other matters, you can send us a message through our CONTACTS
area or contact one of our TEAM