The Portuguese government is creating a specific programme of €4.5m to encourage “AL” holiday lets to be transformed to affordable rents for young people. The purpose of the programme is open more affordable housing for urban youth that is accessible and with better conditions. The government also proposes to make…
Posts published in “Financial Matters”
If you live in a foreign country or are travelling when tax payments become due, there are two ways to meet your tax obligations: 1) Direct Debit or 2) Bank Transfer. If you choose to use Direct Debit (Standing Order), you must first domicile the IBAN of the appropriate account…
The attribution of the “Clean & Safe Seal”, already available for Local Lodging accommodations (“AL”), will be extended to restaurants and cafés. Completely free, voluntary and automatically issued on the spot, the “Clean & Safe Seal” visually reflects the operators’ commitment to the guidelines from the Directorate-General for Health (DGS).…
After months of delay, Lisbon Council is to sublet 1000 flats currently available only under Local Lodging (“AL”). With a budget of €15 million to be spent over five years, the City expects to sublet one thousand apartments currently let short-term as Local Lodging to be made available at affordable…
4 out of 5 Local Lodging establishments in Portugal saw reservations cancelled in the 6 months between March and August. Due to quarantines and more restrictive measures in force to mobility, Madeira and the Azores suffered the highest number of cancellations. The hotels in the Algarve recorded a global average…
Not since September 2014 have new registrations been so low for Local Lodging Accommodations in Portugal. Given the drop in demand, many owners are now switching their properties to long-term leasing. Dennis Swing Greeneinfo at madeira-weekly.com