Portugal’s short-term rental market is seeing a significant shift with the reintroduction of transferable licenses. The new legislation, recently enacted by the government, allows property owners to transfer their short-term rental licenses to new owners, a change from the previous rule which prohibited such transfers.
This development marks a pivotal moment for the rental industry. Under the new law, those who own properties with short-term rental licenses can now sell or pass on their licenses, facilitating a more dynamic market. This change aims to provide greater flexibility for property owners and potential buyers, addressing previous restrictions that had constrained the market’s fluidity.
The move is anticipated to have several impacts. For one, it could lead to an increase in market activity, as property owners may find it easier to sell rental properties with existing licenses. This could also benefit prospective buyers who are looking to enter the short-term rental market without the need to start from scratch with obtaining a new license.
Overall, the new law is expected to enhance the flexibility and attractiveness of Portugal's short-term rental sector, making it a more viable and fluid market for both current and future participants.
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