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More than 80% of Local Lodging offerings are second homes

In Portugal, there are ±1.1 million second residences, according to data provided by the National Statistics Institute, comprising 80% of “AL” offerings. These dwellings have a low utilisation rate: less than 30 days a year. When engaged in Local Lodging, the average yield per owner is €11,000 euros. Lisbon and Porto tell a different story. In these urban areas, “AL” is driven primarily by investment properties, not second residences, and foreign buyers. www.eurofinesco.com

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