Data from the National Register of Local Accommodation Establishments (RNAL) shows, moreover, that it is necessary to go back a decade to find a lower number of new properties registered in this timeline.
According to DN/Dinheiro Vivo, which relies on data from RNAL, the fact that there are far fewer AL registrations in the country is related to restrictions on short-term rentals, a business that underwent changes in 2023 – and generated a lot of controversy –, within the scope of the Mais Habitação program, from the previous Government.
“In 2023, there was a higher number of registrations than would be normal due to the threat of a brake on new licenses. This year, naturally, there is a lower number, which is partly justified by this block on registrations throughout the country”, says Eduardo Miranda, president of the Associação do Alojamento Local em Portugal (ALEP), quoted by the publication.
The same person explains, among other things, that “people who had a house on the beach were afraid” and that, “realising the risk of not being able to enter AL in the next five or ten years, they rushed to register as a precaution”. “Even with the registrations made, it does not mean that they have put the properties on the market”, he adds.