Tech Insider
Two cable cars hang at sunset over a river splitting a European city dotted with red roofs
Portugal, which has seen a 40% increase in foreign-born residents in the past decade, is cracking down on short-term rentals.

Alexander Spatari/Getty Images

  • Portugal has unveiled sweeping reforms to make buying and renting homes more affordable for locals. 
  • Part of the crackdown is not granting new licenses for new Airbnbs or other short-term rentals.
  • The prime minister said he's seeking to "balance" local housing needs and economy-boosting tourism.

Portugal last week announced the suspension of new licenses for Airbnbs within its borders, according to Reuters. 

Tags
Real Estate, AirBnB, Portugal, Short-Term Rental, Housing Affordability
Source
Portugal bans new Airbnbs over fears of popular cities becoming 'some sort of D…