by Ana Estevens, Agustín Cocola-Gant, Antonio Lopés-Gay, Fabiana Pavel
This paper shows how the touristification of Lisbon has been a political project in which the state served the needs of capital and allowed developers to build the most profitable product with no limitations: Airbnbs, hotels, and luxury housing for transnational users. We estimate the weight of tourism in the rehabilitation of the housing stock, showing that > 50% of housing in the historic centre is registered as short-term rentals; that there are > 500 buildings entirely used as Airbnbs; while the population has decreased 25% in 10 years. The political project that we refer, used a neoliberal urban planning narrative, advocating that property markets work better when the state allows developers to behave ‘undisturbed’ by regulations. In reality, the paper shows how this is a perverse process by which taxpayers unwillingly subsidised their own displacement and the production of a city that is not for them.
The publication is accessible at the following https://doi.org/10.1016/j.cities.2023.104275