Published on 21st May 2019
Aliados, in Porto, and Chiado, in Lisbon, are the most profitable areas of short-term rentals in Portugal, reveals a study recently released.
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.
The most profitable areas in Lisbon
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
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