Lisbon has lost around 8300 registered short-term rental properties since the pandemic, despite…

The number of active registrations dropped from 20000 to approximately 11700 after clearing the "ghost" records. In some areas, new registrations are prohibited or restricted.

The reduction in supply did not cause prices to fall. A spokesperson for ALEP noted that even the decline on 30-40% had no impact on the value of properties in restricted areas.