Analysis of the Dynamic Developments in the Local Lodging and Rental Housing Market in Lisbon

摘要

The housing market in Lisbon is undergoing rapid change. Following the liberalization of the rental market in Lisbon, the attraction of foreign investment and the expansion of urban tourism, the market is experiencing unprecedented dynamics in the real-estate sector (Branco & Alves, 2016). While formerly vacant buildings are renovated, the supply for long term rentals decreases and rental prices are increasing rapidly (Mendes, 2016). Tourist lodging in turn is booming and increases the competition of living spaces (Airbnb, 2016; Airbnb, 2017; Airdna, 2017). The development contradicts the governmental goals aiming to increase the residential housing supply in the historic center and thus raises the risks of tourism gentrification undermining the social sustainability of the communities and neighborhoods.