Lisbon has highest ratio of Airbnb locations in Europe

Lisbon is the city with the highest ratio of houses to rent tourists on Airbnb, even compared to the main European capitals, with more than thirty rooms per thousand inhabitants, according to the rating agency Moody's.

In a report on the room market in Europe, the agency realized that the Portuguese capital is ahead of cities such as Paris and Amsterdam in this segment.

Moody's, which considers that it is more difficult for young people and adults in Europe to buy a house at this time, given the increase in prices and wages that do not evolve at the same pace, realized that the search for 'leasing for tourists in urban areas is boosting the housing market.

"Among the main cities, Lisbon, Paris and Amsterdam have the highest quotas of houses placed on Airbnb," they say.

Even so, Moody's data shows that the population in the city is decreasing, specifically 7% since 2011, according to data from the National Institute of Statistics (INE), with the metropolitan area of ​​Lisbon rising slightly.

Despite the price rises, the houses in Lisbon are, compared to their European counterparts, cheaper; about 193,000 euros on average for an apartment of 70 square meters, although the available performance of the inhabitants is also among the smallest.

As for Moody's, they consider that economic prosperity and the search for leases are reducing the risk of falling house prices, in conjuction with rental for tourism.

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