Do you know if this means I need to change a setting?

Thanks

I'm curious what's the word on the street re latest developments? I am very much against too many regulation however having 6% tax on AL or 30% on lease didn't ever seem fair. Of course multi year lease contract brings tax to the proximity of AL but still didn't seem right to push owners into AL.

Business as usual with guests taking hit of 25% tax hike or converting to lease and having no tax until 2030?

You might work on 30 weeks a year Pete but you do well if you can sell June to September and 8 weeks at full whack seems right to me. July and August you can charge what you want but June and September are the shoulder seasons and you charge about 50-70% of the July/August prices. A quick look at AirBnB, VRBO or TA will back that up.

Re my trip...  I've sent a message to my airbnb owner..  hoping there won't be an issue with my booking!  One would've thought all the covid rules and regulations were enough to deal with!

Yes, I expect houses/villas prices to go up, apartment prices to go down, since ruling only affects apartments.

I know several young-ish locals who are super happy to have permanent job for 1100 euros/month, all three of them having university degrees. None of them can afford to rent apartment in Albufeira with current prices. One lives with wife, child and parents sharing the apartment, others lease 15-20 km north where prices can be more affordable.

With long term lease contract all the utility bills come on top of lease amount, usually 60-180 euros per month for electricity/water/gas.

"..is the cost of rent vs. income a problem?"

For many, yes. According the Portugal National Statistics Office, the average monthly wage in Portugal is about €1,300 a month. In places like Albufeira, where tourist rentals dominate, a small 1 bedroom apartment long term can easily cost €800 - €900 a month. Doesn't leave a lot, does it,  especially when many people work in the tourist industry at minimum wage.

Fellow cynic concurs.

I do understand initial appeal of 1500/week vs 700/month but I simply couldn't make math work since at best case scenario there is 8 weeks of 1500/week, with much more expenses than a long term let (even with better taxes). My former landlord had two apartments side by side, one leased to me for a year, other working as AL. While I do not know exact amount he earned from AL apartment I know asking price per day and number of visits he had so I know he earned few thousands more from me than from tourists when we look at the entire year.

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