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What has happened? The Unios Podemos party is set to introduce an amendment to Spain's housing law this week that would limit the number of tourist rentals offered in the country's busiest and most stressed destinations. The measure would include major cities like Barcelona, Valencia and Malaga, as well as the popular resorts of Torrevieja, Benidorm, Marbella and Mijas.
What does it mean? If Congress approves the amendment on April 27, 2023, the number of apartments and holiday villas in cities and resorts in Spain should not exceed 2% of the population in the busiest parts of Spain. So, for example, in a city with a population of 10,000 people, no more than 200 places could be offered in tourist rental apartments.
Context. Analysts note that the most affected provincial capitals of Spain in this regard are Cadiz, Alicante, Malaga and Granada, where the share of rental housing for tourists is huge. The same situation is in many coastal resorts. So, for example, Marbella, with a population of just over 150,000 people, has dedicated 23.2% of its property to holiday homes, and that is without including hotels.
The numbers become even more alarming in smaller municipalities. The town of La Olivia in the popular seaside resort of Fuerteventura with a population of about 28,000 inhabitants offers 18,832 tourist rental places. This is almost 50% of the total population.
Source: Murcia Today
Photo by Tom Wheatley on Unsplash
