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Airbnb in Lisbon: License, Income & Investment Guide 2026

By HostPal Editorial·Updated 246 days ago·Source: Inside Airbnb + Government registry

Lisbon Airbnb market: 30% occupancy (+0.4pts YoY), ~$85.32 ADR. Regulation: Portugal's Alojamento Local (AL) regime requires a registration number on every listing. The 2023 Mais Habitação law pau

At a glance
Median occupancy
30%
+0.4 pts YoY
Median daily rate
$85.32
-8.1% YoY
Active listings
18,499
25,159 total
Revenue per available night
$21.28

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 up 0.4 points, while the median daily rate is down 8.1 percent.

Lisbon — occupancy over time 26% 3y ago 2022-11 25% 2y ago 2023-11 30% 1y ago 2024-11 30% Now 2025-11

Looking further back: three years ago, occupancy was 3.7 points lower. Two years ago, 5.3 points lower.

When Lisbon Airbnbs perform best

Monthly occupancy data shows the seasonal rhythm of the Lisbon short-term rental market. Use this to plan dynamic pricing, target peak demand, and avoid lulls.

Lisbon — monthly occupancy 35% 32% 33% 32% 33% 35% 34% 37% 41% 41% 46% 44% JanFebMarAprMayJunJulAugSepOctNovDec 100% 0%

License & regulation

Risk: highLicense requiredRegistration required

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.

Worst case
Future government could revoke existing licences. If renewal is denied, the property reverts to long-term rental only.

Source: https://www.portaldofinanciamento.pt/legislacao/lei-56-2023-mais-habitacao

What kind of Airbnbs are in Lisbon?

Of the 18,499 active operating listings, 78.7% are entire homes (vs private rooms), and 36.2% are operated by Airbnb Superhosts.

Bedroom mix among active listings
1 BR
2 BR
3 BR
Studio: 4.4%1 BR: 52.1%2 BR: 26.9%3 BR: 10.3%4+ BR: 6.2%

Top neighborhoods in Lisbon

The 131 neighborhoods we track range from established tourist hotspots to emerging investment zones. Here are the five strongest by revenue.

NeighborhoodListingsOccupancyRevPARYoY
Igreja Nova e Cheleiros1514%$42.55-7.4 pts YoY
Turcifal624%$37.48-54.9 pts YoY
Santa Maria Maior2,88436%$36.94-11.7 pts YoY
Misericrdia2,09242%$34.13-4.8 pts YoY
Cadaval e Pro Moniz1039%$31.64+30.2 pts YoY

Frequently asked questions

Do I need a license to run an Airbnb in Lisbon?
Yes, Lisbon requires a license or permit to operate a short-term rental.
What is the average Airbnb occupancy in Lisbon?
Active Airbnb listings in Lisbon run at ~30% occupancy (up 0.4 points year over year). Source: Inside Airbnb.
What is the median daily rate for an Airbnb in Lisbon?
The median Airbnb daily rate (ADR) in Lisbon is approximately $85.32, down 8.1% year over year. Based on listings with at least one review in the last 12 months.
How many active Airbnb listings are in Lisbon?
There are approximately 18,499 active short-term rental listings in Lisbon (listings with at least one booking in the last 12 months).
Is Airbnb income growing or shrinking in Lisbon?
Compared to a year ago, Lisbon short-term rental performance has shifted: occupancy +0.4 pts, daily rate -8.1%. Underlying data comes from the latest Inside Airbnb snapshot vs the closest archive ~12 months prior.

Keep exploring

Regulation deep-dive
Airbnb rules in Lisbon
Risk level: high
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Going deeper?

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Property-level financials, stress tests, neighborhood-by-neighborhood breakdowns, and an AI verdict on whether to buy.

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Methodology. Market metrics are derived from Inside Airbnb's 2025-11 snapshot, filtered to active listings (those with at least one booking in the last 12 months). Year-over-year deltas compare against the closest archived snapshot ~12 months prior. Sample sizes: occupancy n=10,175, ADR n=16,844.