Portugal is making waves in the rental market by abolishing the extraordinary tax on short-term rentals. This tax, introduced as a temporary measure to control the booming short-term rental market, will no longer apply from now on.
This change represents a significant shift for property owners and investors in the short-term rental sector. By removing this tax, the government aims to boost the rental market's growth and reduce financial burdens for property owners. For them, this means lower costs and a chance to make their rental offerings more appealing.
The end of this tax could also have positive effects for travellers and tenants by potentially lowering rental prices. With a lighter regulatory load, market participants might offer more competitive conditions, which could benefit the tourism industry in Portugal.
Overall, the removal of the extraordinary tax is seen as a welcome boost for the short-term rental sector, injecting flexibility and dynamism into a rapidly evolving market.
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