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Lisbon mayor offering STR landlords €1,000 a month if they rent their properties, for a period of five years, to the city in order to provide low cost housing for locals.
On the basis that you can pay that for a single week in Lisbon, I don’t think it’s surprising that on 177 landlords have expressed interest. Also, once the period is up, you are barred from putting it back to STR.
I know folks travel patterns will change in the short/medium term, but I don’t think many more will take him up on it.
I can just imagine what state those properties would be in after renting them out for 5 years without the host having control of what went on there. A lot of them would probably have to gutted and redone.