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.
Are you looking to invest in a short-term rental property? Take a look at Portugal Homes’ properties in the short-term rentals most profitable areas of Lisbon: Chiado and Baixa.
Source: Destak Newspaper
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