Fed-up Spanish cities are bursting Airbnb's bubble

phys.org | 5/27/2018 | Staff
cv2angels (Posted by) Level 3
Click For Photo: https://3c1703fe8d.site.internapcdn.net/newman/gfx/news/2018/itsnotallfun.jpg

Spain may be one of the world's top tourist destinations, but many people in its biggest cities have grown exasperated with Airbnb-style rentals.

And now, their city councils are taking action.

Airbnb - Websites - Years - Lovers - Travel

Airbnb and other peer-to-peer rental websites have for years been credited with enabling lovers of travel and culture to find new ways to explore foreign lands.

However, complaints have abounded in Spain that greedy landlords are throwing out long-term tenants in order to cash in on the tourist flow, and that the short-term leases are pushing up rent.

Slew - Rules - Madrid - City - Hall

By introducing a slew of new rules, Madrid's leftwing city hall plans to make it impossible for short-term rental companies to rent out 95 percent of apartments in the Spanish capital by the end of the year.

To get a holiday rental licence homeowners will have to prove their property has a separate entrance from the rest of the building—a condition that is in most cases impossible to fulfil.

Homeowners - Residence - Months - Year

Homeowners who rent their primary residence for less than three months a year will be exempt.

"We are aware that this is a very restrictive condition, and that is our intention," Madrid's city councillor for sustainable urban development, Jose Manuel Calvo, told AFP.

Madrid - Neighbourhoods - Saturation - Level - Barcelona

He said certain Madrid neighbourhoods have reached "the same saturation level" as Barcelona, where a boom in holiday rentals has drained the city's housing supply and pushed up rents, sparking a backlash against tourists that saw protesters take to the streets.

Locals out?

Flats - Madrid - Tourists - Times - Calvo

There are now around 9,000 flats in Madrid that are rented out to tourists, six to seven times more than in 2013, Calvo said. Of these, about 2,000 operate without a licence.

In some buildings landlords have evicted all local residents in order to rent their flats to tourists for more money, Calvo explained.

Consequence - Neighbourhoods

"The consequence is that these neighbourhoods end up emptying out gradually, and this must...
(Excerpt) Read more at: phys.org
Wake Up To Breaking News!
Settled law: one party can't change a contract. Now if the Government, citizens and the Consstitution...
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!