Portugal ranks 4th on Europe’s top holiday property rentals

Portugal to be its fourth most popular destination, with the number of reservations for holidays in private properties throughout the country increasing significantly this summer, according to The Portugal News.

Portugal Car Hire Holidays“Portugal is the fourth most popular destination after France, Italy and Spain,” adding that France and Spain benefit from year-round tourism due to the opportunity for skiing in winter, says a Homelidays spokesperson.

Overall, the Algarve remains the most popular destination for holiday property rentals in Portugal, followed by Lisbon and the surrounding area, for both national and international tourists, but bookings have increased significantly in other regions of the country this year.
A total of 72 percent of reservations made by Portuguese and 48 percent of reservations made by other nationalities via the website for properties in Portugal were in the Algarve.
Of the top 10 most popular places for bookings in Portugal, six were in the Algarve, with Albufeira in first place, Lagos (third), Portimão (fifth), Vilamoura (sixth), Tavira (eighth) and Cabanas de Tavira in 10th place.
Regions such as the northern Douro, upper Alentejo, lower Alentejo and northern Minho saw increased bookings of 58, 42, 40 and 32 percent, respectively among national holidaymakers, compared to last summer.
“For the Portuguese, we see the crisis may be affecting where people holiday, opting for cheaper locations and areas that avoid long drives and motorways, so savings can be made on fuel and tolls,” said Sofia Dias, adding that the length of stays from national clients also reduced this summer, averaging 8 days instead of 10 like last summer.

The top nationalities who book through Homelidays to stay in Portugal are the French whose numbers rose by 27 percent this summer compared to last year, Germans up by 37 percent and the British up by 25 percent. The website found that the number of Spanish booking stabilised with a rise of just two percent.

It is much cheaper for a family or a couple to stay in private rented accommodation than at a hotel, with the average rental price for a property being €790. Extras such as drinks and ingredients for preparing meals can be purchased in local markets and supermarkets instead of opting for bars and restaurants.

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