The most profitable areas for short-term renting in Portugal are Avenida dos Aliados, in Porto, and Chiado, in Lisbon. According to the report recently released by GuestReady, these two locations can reach 150€ per day on short-term rentals.
The subject of this study was the local accommodation apartments with 1 and 2 bedrooms and, according to the data collected, the analysis suggests that the most expensive area of the country is Aliados Avenue, in Porto, where 1 bedroom flats can go to 120€/day on average, and 2 bedroom flats can reach 150€/day. Still in Porto, Aliados is closely followed by the area of São Bento Station, reaching 135€/day, and Santa Catarina Street with a value of 120€/day.
In Lisbon, the owners of local accommodation units can gain higher revenue if located on Alecrim Street and Garrett Street, both in the Chiado neighbourhood. In both of these streets, a 2 bedroom apartment can reach a daily price of 130€, followed by Liberdade Avenue, at 125€/day, Carmo Street, also at 125€/day, and areas near Augusta Street, Ouro Street – both in Baixa, or Republica Avenue can reach 120€ per day.
Source: Destak Newspaper
About Portugal Homes
PortugalHomes.com specializes in selling Holiday Homes and Investment Properties. We help buyers find the right property overseas whether it be for Golden Visa, NHR, Investment or simply a place in the sun, our properties are selected with great thought in mind to give our clients the best opportunities, we offer the complete service from Introducing them to Legal Representatives, Currency Exchange, Mortgage Advisors, Property Management, Rental and Furniture Packages along with making sure all our staff are trained to fully understand the buying process and taxes for every scenario, we provide the complete service to anyone looking to buy a new or resale property overseas for holiday use or as a short or long-term investment.
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Whether you want a holiday home or an investment property, we select the best units for your profile and take care of all the process from start to finish. Even after the sale! Our After Sales services assume the responsibility of furnishing your property at your taste, taking care of the property in your absence, managing the rentals if you wish to rent your property when you’re not in Portugal and so much more!
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Thanks to Andrea Leite for the comprehensive and timely updates on the construction progress of the new development we purchased!Investor from the USA
Ryan was an excellent real estate agent, he really steered me in the right direction based on what I said was important to me. Living in another country, I wasn't as familiar with the city as he is. Where I thought I wanted to live and what I truly wanted were not the same. He took the time to listen and figure out the best spot for me, and we are very happy with it - far more than we would have been elsewhere.Investor from the USA
The overall experience was great from follow up to After Sales. I would like to give special thanks to Mr. Simon, Ms. Francisca and Ms. Mariana.Investor from UAE
George Hobson is a pleasant young man, came across as knowledgeable, experienced, hardworking, honest & disciplined; I felt very comfortable in easily making my investment.Investor from UAE
Luísa is a very understandable person, she knew exactly what we were looking for and even showed us and gave us more choices to pick from. Very professional advice, hospitality and service.Roshana (Zulfiqar) Mian | Hong Kong
My property advisor, Mathew McGurn, was truly excellent! His knowledge, professionalism and attention to details was much appreciated. He worked hard to not only find a property that fit all my requirements, he negotiated successfully with agents making sure my offer won over other buyers bidding for the same property. In addition, his communication skills, prompt response time and general help with my getting settled in Portugal went above and beyond the normal.Investor from the USA