Taxation

LISBON AND PORTO DEMONSTRATE AGAINST AIRBNB

&amp;NewLine;<h1 class&equals;"wp-block-heading">LISBON AND PORTO DEMONSTRATE AGAINST AIRBNB<&sol;h1>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Yves Léonard&amp;comma; historian&amp;comma; explains the reasons behind the demonstrations planned for Saturday&amp;period; in Portugal's two major cities to demand "a right to housing"&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p><em>A number of historical Lisboners&amp;nbsp&amp;semi;<a href&equals;"https&colon;&sol;&sol;www&period;francetvinfo&period;fr&sol;decouverte&sol;vacances&sol;touristes-a-lisbonne-les-habitants-chasses-de-la-ville&lowbar;2898959&period;html">can no longer live in the city<&sol;a>" <&sol;em>Yves Léonard, historian, lecturer at Sciences Po and specialist in the contemporary history of Portugal, was quoted on franceinfo&amp;comma; Saturday September 22&amp;comma; as saying; Demonstrations are planned today in Lisbon and Porto to denounce this phenomenon, which refers to a trend towards the gentrification of a popular&amp;period;&amp;nbsp&amp;semi;&amp;nbsp&amp;semi;neighborhood;<em>"There's an impressive tourism boom and real estate speculation".<&sol;em>&amp;comma; he assures&amp;comma; which lead&amp;nbsp&amp;semi;<em>"a rise in real estate prices<&sol;em>"&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h2 class&equals;"wp-block-heading"><strong>How to explain this gentrification &amp;quest;<&sol;strong><&sol;h2>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Over the past few years&amp;comma; there has been an impressive boom in tourism and real estate speculation&amp;period; Which Lisbon&amp;comma; the capital&amp;comma; and&amp;comma; to a lesser extent&amp;comma; Porto&amp;period; are experiencing; This is relatively new because&amp;rsquo&amp;semi;there used to be a fairly regulated system&amp;period; Quite framed&amp;comma; in particular with rents that were not supposed to increase by&amp;rsquo&amp;semi;a certain amount&amp;period; All this has been turned upside down since 2012, and among the consequences&amp;period; There has been a rise in property prices, and therefore a gentrification phenomenon in the city centers&amp;period; A certain number of historic Lisboners can no longer live in the city because rental prices have become too high and property acquisition is not within their means&amp;period; This is relatively recent&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h2 class&equals;"wp-block-heading"><strong>In 2011&amp;comma; the economic crisis hit Portugal&amp;period; Since 2012&amp;comma; several schemes attract foreign residents&amp;period; <a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;les-raisons-du-redressement-du-portugal&sol;">L<&sol;a><a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;les-raisons-du-redressement-du-portugal&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener noreferrer">etirees<&sol;a>Did they play a role in this gentrification &amp;quest;<&sol;strong><&sol;h2>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>This was an incentive&amp;comma; particularly for the "gold" visa&amp;comma; the golden visa&amp;period; which allowed a certain number of&amp;rsquo&amp;semi;foreign investors to have a resident permit and passport facilities for a few years as long as&amp;rsquo&amp;semi;they invested at least 500&amp;nbsp&amp;semi;000 euros in real estate in Portugal&amp;period; All these measures were more successful than expected, however, and provoked a <a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;les-prix-des-appartements-renoves-montent-en-fleche-au-portugal&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener noreferrer">explosion in real estate prices<&sol;a>So much so that&amp;comma; this Saturday&amp;comma; a demonstration is being organized to denounce real estate speculation&amp;period; All these cities fear the Airbnb syndrome&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h2 class&equals;"wp-block-heading"><strong>Has the real estate rental platform amplified this gentrification trend in the working-class districts of Bairro Alto or Alfama in Lisbon&amp;period; As is the case in the Marais district of Paris&amp;quest;<&sol;strong><&sol;h2>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>In the Alfama region&amp;comma; this is a very sensitive issue, and one that is currently being discussed with a view to modifying and improving housing laws&amp;period; Recently&amp;comma; the President of the Republic vetoed a law that introduced a preference clause to allow tenants to remain in the event of the sale of the property&amp;comma; in order to prevent tenants from subletting or using Airbnb facilities&amp;period; The subject is therefore quite complex, and it's true that in Lisbon today&amp;&amp;rsquo&amp;semi;just as in Barcelona and other cities&amp;comma; there is a feeling in certain neighborhoods of seeing floods of tourists&amp;period; &amp;nbsp&amp;semi;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p><a href&equals;"https&colon;&sol;&sol;www&period;francetvinfo&period;fr&sol;monde&sol;europe&sol;au-portugal-lisbonne-et-porto-manifestent-contre-la-gentrification-toutes-ces-villes-craignent-le-syndrome-airbnb&lowbar;2952107&period;html" target&equals;"&lowbar;blank" rel&equals;"noopener noreferrer">Source<&sol;a><&sol;p>&amp;NewLine;

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