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Commodifying Lisbon: A Study on the Spatial Concentration of Short-Term Rentals

Author

Listed:
  • Iago Lestegás

    (Institute for Studies and Development of Galicia, University of Santiago de Compostela, 15782 Santiago de Compostela, Spain)

  • João Seixas

    (Interdisciplinary Centre of Social Sciences, Faculty of Social Sciences and Humanities, New University of Lisbon, 1069-061 Lisbon, Portugal)

  • Rubén-Camilo Lois-González

    (Department of Geography, University of Santiago de Compostela, 15782 Santiago de Compostela, Spain)

Abstract

This article explores the relationship between the spatial concentration of short-term rentals in Lisbon’s historic center and the phenomena of uneven development and tourism gentrification. By providing quantitative and qualitative evidence of the uneven geographic distribution of tourist apartments within the municipality of Lisbon, it contributes to the study of the new processes of neoliberal urbanization in the crisis-ridden countries of Southern Europe. It argues that the great share of whole-home rentals and the expansion of the short-term rental market over the housing stock are symptoms of the commodification of housing in the neoliberal city. Due to the loss of consumption capacity by the Portuguese society amid crisis and austerity, real estate developers target external markets and local households must compete for access to a limited housing stock with tourists and other temporary city users. The subsequent global rent gap stimulates the proliferation of vacation rentals at the expense of the supply of residential housing, fueling property prices and jeopardizing housing affordability. With Portugal being a peripheral member of the EU and the Eurozone, the vulnerability of local households to the impacts of tourism gentrification is aggravated by the remarkable income gap with their counterparts of the core.

Suggested Citation

  • Iago Lestegás & João Seixas & Rubén-Camilo Lois-González, 2019. "Commodifying Lisbon: A Study on the Spatial Concentration of Short-Term Rentals," Social Sciences, MDPI, vol. 8(2), pages 1-15, January.
    • Handle: RePEc:gam:jscscx:v:8:y:2019:i:2:p:33-:d:200749
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    References listed on IDEAS

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    Cited by:

    1. Giovanni Semi & Marta Tonetta, 2021. "Marginal hosts: Short-term rental suppliers in Turin, Italy," Environment and Planning A, , vol. 53(7), pages 1630-1651, October.
    2. Iago Lestegás, 2019. "Lisbon After the Crisis: From Credit‐fuelled Suburbanization to Tourist‐driven Gentrification," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 43(4), pages 705-723, July.
    3. Claudia Costa & Angela Freitas & Ricardo Almendra & Paula Santana, 2020. "The Association between Material Deprivation and Avoidable Mortality in Lisbon, Portugal," IJERPH, MDPI, vol. 17(22), pages 1-16, November.

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