Madrid against Airbnb: still a problem in tourist rentals…

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Madrid could also join the list of cities imposing stricter rules for Airbnb and other short-term property rental sites.

The town hall of the Spanish capital is working on regulations which could be ready in three or four months to limit the phenomenon of tourist rentals. The motivation would be the same as that adopted by other metropolises which have taken or are considering taking similar measures.

José Luis Martínez Almeida, Mayor of Madrid said that one of the obstacles posed by the current regulations is the fact that it is often difficult to act against those who irregularly rent an apartment or house, since they cannot be sealed or sanctioned, as would be the case with commercial premises.

The New York precedent
Madrid could therefore export to Europe according to a model similar to that implemented by New York, and closely monitored by other metropolises. Only a few months ago, the American city imposed a strict restriction on short-term rentals, preventing the use of this rental method for a period of less than 30 days, unless the host resides in the rented apartment. You can consult our article:

Airbnb: NY City deals a big blow to its business model

Moreover, as soon as New York launched the regulations, many wondered whether or not there would be a snowball effect on the Old Continent as well. And if the Spanish capital adopts restrictive rules, other European cities could soon follow suit.

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