AL is dead

I am not sure if this belongs to tourist or resident news, probably both. There will be A LOT of apartments on the long term rent market soon. This changes everything.

"AL bombshell: apartments in residential buildings cannot be rented to tourists

Supreme Court ruling affects apartments already within AL regime"

Sounds like a sledgehammer to crack a walnut. There are two AL apartments in my little block of six and not once has there been any disruption to the rest of us. However the exisiting block rules do state that any new AL proposals must be approved by a majority of the other residents. Tens of thousands have been spent rebuilding the one next door. So if all AL licences are to be revoked immediately, what prospect for the owners and to whom do they sell or rent?

Or will it all go underground again as it was before the AL régime came into force.

My parents own a condo in Albufeira, currently they have no plans to rent it to tourists but, I've considered it as a possibility in the future.  Does this mean the condo can not be rented to tourists?

Are "AL" condos specific condos?  I read the news article but not sure if this ruling applies to all condos or if "AL" refers to specific condos.

And, if it does apply to all condos, would you anticipate a significant number of condos will be put on the market as they were originally purchased as a rental income vehicle?

Thanks for your help!  :D

When you say tax, do you mean tax due on rental income earned?  I must be misunderstanding??  6 to 30% is a huge difference!  Plus, it would seem the government was very much encouraging short term rentals with 6% tax??  (Pretty sure I must not be understanding the tax issue)

Had a quick read-through of the links; clearly, if/when we consider rentals, I'll need a lawyer to assist.  

Related question...  I will be travelling to portugal in June.  Will not be staying at parents' condo this visit so have booked a couple of AirBnbs.  Will these new regulations possibly create any problems with these bookings?  (The original link/article stated that the changes would be effective immediately.)

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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