November 2024 brings significant changes to the Alojamento Local (AL) landscape in Portugal.
Starting November 1, 2024, Portugal has loosened its grip on short-term rentals, reversing some of the stricter rules introduced in 2023. These changes to the Alojamento Local regulations represent a significant shift in Portuguese housing policy, and are good news for property investors in the Algarve.
The changes allow condominium residents to vote on whether to permit short-term rentals in their buildings, restoring the rights of existing licence holders and opening up new licence applications in many municipalities. For buyers considering an Algarve property as a rental investment, this is a significant green light.
Free Tools from SunnySteve
Algarve Short-Term Rental Income Simulator — See what your property could earn as a short-term rental with our free revenue simulator built for the Western Algarve market.
Portugal Property Purchase Cost Calculator — Know your full acquisition cost before calculating your rental yield — IMT, stamp duty, notary and legal fees included.
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