Demand for rental properties increased by 5% in Q4 2025 despite upward pressure on rents, indicating continued market interest despite higher costs.
Despite rising rents, demand grew by 5% in the fourth quarter of 2025

Context & Explainers
Local accommodation (alojamento local) means short-term tourist rentals—private apartments, houses or rooms rented for days or weeks—that must be registered and licensed with municipal authorities. Municipalities can suspend or cancel licences (Lisbon cancelled about 6,700 licences in early 2026), so travellers and hosts should check a listing's registration and local rules before booking or offering stays.








