Spain Implements New Regulations on Holiday Rentals
Spain Implements New Regulations on Holiday Rentals
Spain Implements New Regulations on Holiday Rentals
News summary

Spain is experiencing widespread protests against overtourism and its impact on local housing, particularly in Madrid and Barcelona. Thousands rallied recently, demanding more affordable housing and accountability from housing minister Isabel Rodriguez due to the rising costs driven by short-term holiday rentals like Airbnb. In response to these protests, the Spanish government has issued a Royal Decree aimed at regulating the illegal tourism industry, potentially removing over 14,000 unauthorized rentals in Madrid alone. The decree includes financial support for young tenants and strict licensing requirements for property owners wishing to rent short-term, which could benefit the hotel industry. Activists warn that these measures may not sufficiently address the broader issues of affordable housing and local culture loss. Protests are expected to continue, particularly in tourist-heavy regions such as the Canary Islands as locals voice their concerns about prioritizing tourism over community needs.

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