Madrid banned the rental of furnished flats for greater than 90 days a 12 months. About 10,000 hosts are involved.
The mission had been below examine for a lot of months and has been launched lately. Final Wednesday, Madrid Metropolis Council has adopted a drastic plan to restrict the potential for renting a vacationer residence with out permission to 90 days a 12 months. This transfer might make 95% of leases of this sort unlawful.
The plan has been closely criticized by essentially the most well-known group platform, Airbnb, which acknowledges the existence of an lodging downside in Madrid however believes that new requirements usually are not the reply. For comparability, the restrict is 120 days per 12 months in France.
In addition to the three months of renting per 12 months, house owners will now need to get hold of a “license” for the vacationer use of the lodging, granted provided that it has an impartial entrance from the remainder of the constructing, as within the case of a lodge.
This situation is mostly not possible to satisfy within the neighborhoods involved and may, due to this fact, place round 10,000 vacationer flats in an irregular state of affairs.
Town corridor hopes to “protect the residential use of town middle by curbing the conversion of housing into non permanent vacationer properties,” based on the press launch.
It’s about imposing “the identical circumstances that should already be fulfilled by any kind of lodging, reminiscent of resorts or pensions,” insisted Jose Manuel Calvo, councilor answerable for sustainable city improvement.
The mayor of Madrid, the previous choose Manuela Carmena, additionally intends to stem the explosion of rents, which drives many Madrilenians to depart the centre.
In accordance with the nation’s two most important actual property portals, rents continued to rise in Madrid in 2018, by 14.9% based on Fotocasa, 5.2% based on Idealista – after years of very sturdy development.
In an open letter to town council, Airbnb Advertising and marketing Companies managing director Arnaldo Muñoz stated the brand new regulation “would remove the chance for hundreds of households in Madrid to profit from tourism, placing in danger almost EUR 800 million of financial affect and hundreds of jobs “.
Airbnb says that “all the properties rented for greater than 90 days in 2018 characterize solely zero.four% of the full” housing within the capital. The answer is to search for the 153,100 empty dwellings representing 10% of the full variety of dwellings in Madrid.