Lisbon Airbnb: 19.7% occupancy (-1.7 pts YoY), ~£119 median daily rate, 18,908 active listings. Regulation: Portugal's Alojamento Local (AL) regime requires…
Year-over-year performance
Compared to the closest snapshot from approximately 12 months ago, the Lisbon short-term rental market has shifted in measurable ways. Occupancy among active listings is down 1.7 points, while the median daily rate is up 29.6 percent.
Looking further back: three years ago, occupancy was 3.3 points higher. Two years ago, 8.2 points higher.
When Lisbon Airbnbs perform best
Occupancy in Lisbon peaks in October at 56% and bottoms out in February at 29%, a 27-point swing across the year. Price the peak, defend the shoulder months with minimum-stay rules, and budget the trough as empty.
| Month | Occupancy | Median nightly rate |
|---|---|---|
| January | 30% | — |
| February | 29% | — |
| March | 31% | — |
| April | 33% | — |
| May | 33% | — |
| June | 37% | — |
| July | 42% | — |
| August | 41% | — |
| September | 54% | — |
| October | 56% | — |
| November | 34% | — |
| December | 31% | — |
Looking ahead, 41% of the next 30 nights are already booked across the market, 35% of the next 60 and 34% of the next 90 (as of 2026-10-18).
License & regulation
Portugal's Alojamento Local (AL) regime requires a registration number on every listing. The 2023 Mais Habitação law paused new AL registrations in 'pressure zones' covering most of central Lisbon. Existing licences are renewable but no new ones are being issued in those zones.
Source: https://www.portaldofinanciamento.pt/legislacao/lei-56-2023-mais-habitacao
What kind of Airbnbs are in Lisbon?
Of the 18,908 active operating listings, 79% are entire homes (vs private rooms), and 39.4% are operated by Airbnb Superhosts.
Top neighborhoods in Lisbon
The 131 neighborhoods we track range from established tourist hotspots to emerging investment zones. Here are the 10 strongest by median annual revenue per listing, led by Santa Maria Maior at £17,869 a year.
| Neighborhood | Listings | Occupancy | Annual revenue | RevPAR | YoY |
|---|---|---|---|---|---|
| Santa Maria Maior | 3,012 | 35.9% | £17,869 | £49 | -5.2 pts YoY |
| Cadaval e Pro Moniz | 8 | 19.5% | £16,734 | £46 | +4.7 pts YoY |
| Misericrdia | 2,214 | 32.9% | £16,153 | £44 | -4.9 pts YoY |
| So Vicente | 1,040 | 32.9% | £14,280 | £39 | -4.9 pts YoY |
| Santo Antnio | 1,127 | 27.9% | £12,814 | £35 | +0 pts YoY |
| Moita dos Ferreiros | 4 | 14.5% | £11,113 | £30 | +9.6 pts YoY |
| Dois Portos e Runa | 7 | 13.2% | £10,649 | £29 | +8.3 pts YoY |
| Turcifal | 6 | 22.5% | £10,532 | £29 | -17 pts YoY |
| Freiria | 7 | 29.6% | £10,515 | £29 | +13.2 pts YoY |
| Moscavide e Portela | 91 | 34.5% | £10,394 | £28 | +3.3 pts YoY |
Frequently asked questions
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