Alojamentos turísticos em Lisboa

Abstract

The increasing mobility of people, capital and information, combined with the new technological tools provided by the internet, lie behind the touristification of the cities which has been associated with important dynamics of urban rehabilitation and cultural valorization. Public policies facilitate these processes that are dependent on international investment that chooses some privileged locations to accumulate capital. There is a lot of controversy and reaction from the local people about the effects of new real estate products such as short-term rentals in the historic city due to restrictions on access to housing. The paper analyses this process in Lisbon, with two lines of reasoning: the theory of the circulation of capital between accumulation circuits and across geographical space; and the role of public policy attracting visitors and investment towards real estate and urban regeneration.