Post by High Priestess on Jul 25, 2016 14:34:03 GMT
See the article:
www.gmanetwork.com/news/story/574892/lifestyle/travel/priced-out-by-tourists-the-airbnb-effect-in-lisbon-s-historic-center
www.gmanetwork.com/news/story/574892/lifestyle/travel/priced-out-by-tourists-the-airbnb-effect-in-lisbon-s-historic-center
"Every day we see estate agents going door to door to find people willing to leave," said Ana Gago, a 28-year-old geography student who is conducting a survey of people moving out of the district because of the rising costs.
The amount of Long-term rental housing in Portugal has shrunk by a third over the past five years. In Lisbon, rents rose by an average of 7.6 percent between 2014 and 2015.
Airbnb hosts in the city earned €43 million in rent from tourists last year, according to the company, which added that the visitors spent a further €225 million during their stay.
"There's more money going around but the local community is disappearing," said retired psychologist Leonor Duarte, 63, who has lived in Alfama for five years.
Duarte has joined forces with other Lisbon citizens to urge authorities to "stop the bleeding-dry of the city's historic center."
Airbnb hosts in the city earned €43 million in rent from tourists last year, according to the company, which added that the visitors spent a further €225 million during their stay.
"There's more money going around but the local community is disappearing," said retired psychologist Leonor Duarte, 63, who has lived in Alfama for five years.
Duarte has joined forces with other Lisbon citizens to urge authorities to "stop the bleeding-dry of the city's historic center."