Rent out your house to tourists in Luz

Renting out to tourists in Luz is very lucrative. The village has an active rental market with over 455 property owners The average annual occupancy is 63%. The long stretch of beach and the lively boulevard with restaurants are a big draw for foreign visitors for years. A big attraction is also the historic town of Lagos, which is only a 5-minute drive away. Luz is a very popular destination for families and couples, offering a fantastic base for day trips to Lagos, Sagres and the Monchique mountains.

Tip: Do you like to know if renting out to tourists in Luz is interesting for you?

Our specialists can calculate your possible profit here!

Rental prices in Luz

The rental season in Luz starts around Easter. From there, the season continues until the end of October with a huge peak during the summer holidays that last eight weeks. Also in winter, the village has a good occupancy rate. The centre and beaches can easily be reached without needing a car, which makes it an attractive place to stay. We monitor and analyse the performance of all our properties in the Luz area on Airbnb, Booking.com and HomeAway. With these sales numbers, we can well predict how to best market your accommodation. Don’t lose money by experimenting yourself. Let Rental Valley take care of managing your property and benefit from the maximum achievable result.

Our rental team in Luz

Rental Valley’s rental team takes care of everything. From professional photography, advertising your property, maintenance and repairs, rate-optimizing, 24/7 helpdesk and more. We take away all the hassle so you can earn an effortless income. Click to read more about about our property management services in Praia da Luz.

Annemarie
AnnemarieLocal agent in Luz
Niels
NielsSales manager Luz
Evy
EvyOptimization advisor Luz

Current laws and regulations for rental in Luz

Before being able to welcome paying guests in Luz, you need to register your property as tourist rental accommodation with the local town hall (câmara municipal), to obtain a rental license known as an Alojamento Local. You can do this registration in person or using this link. We have a partnership with a local specialist that can assist you with the process. If you’re unfamiliar with these procedures (and don’t speak Portuguese), you can save yourself a lot of time and hassle by paying someone to assist.

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Seasonal influences on rental in Luz

A seaside village like Luz obviously gets fluctuations in income throughout the year. Winter letting is the solution for these fluctuations. The last 2 years we have been able to find winter tenants for most of our Rental Valley clients. This can compensate for the decrease in sales in the winter months.

With a 2 bedroom apartment, you can earn between € 600 and € 900 per month in the winter months (excluding gas/ water/ electricity).

Best performing properties in Luz

On average, a house in Luz offers 1.9 bedrooms and 2.3 guests per booking. The most popular properties are 2-bedroom apartments and more luxurious studios. There is a lot of demand for 3-bedroom apartments in the holiday months, but the supply is scarce. As a result, many families stay in Lagos instead.

Why hire Rental Valley to manage your home in Luz?

It seems easier than ever to rent your holiday home to tourists in Luz. But competition is growing fast. To reach the top in your segment you need to be active and professional. Nobody likes to be interrupted during a romantic dinner for two. And who enjoys cleaning the same apartment three times per week? With so much to do, it’s unsurprising that many owners decide to put everything in the hands of a management company. Rental Valley takes care of everything so you can enjoy a hassle-free life! With many years of experience in all aspects of top-quality property management, we can assist in optimizing your rental profits in Luz. Call or email us and let us explain for free and without obligation how we can make renting your property even easier.

 

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Click here to read more about our property management services in the Algarve.