Lisbon recently reversed its ban on short-term rentals, but the best investment opportunities are no longer there.
New licenses are limited to ten percent of housing per parish, with historic neighborhoods remaining completely off-limits.
In contrast, Porto maintains its ban in the city center and now requires seventy-five thousand euros in mandatory insurance.
For higher yields and fewer rules, smart investors are now turning to the Algarve and interior cities like Évora.
Before you invest, know that operating without a license now carries automatic delistings and fines up to forty thousand euros.