Home » News » Barcelona: Finish of condominium leases to vacationers to “brake” housing prices – 2024-06-22 22:49:27

Barcelona: Finish of condominium leases to vacationers to “brake” housing prices – 2024-06-22 22:49:27

Barcelona’s municipality has introduced it’s going to ban renting flats to vacationers from 2028, an unexpectedly drastic transfer geared toward curbing skyrocketing housing prices lately which have made town unaffordable for a lot of residents.

Town’s left-wing mayor, Jaume Colboni, mentioned yesterday that the municipal authority wouldn’t renew the permits granted up to now for 10,101 short-term rental flats, which expire in November 2028.

“We face what we imagine is Barcelona’s greatest drawback,” Colboni harassed at a metropolis corridor occasion.

A surge in short-term leases in Barcelona, ​​the Spanish metropolis most visited by overseas vacationers, has despatched rental costs skyrocketing, a rise of 68% in rental costs over the previous 10 years and 38% in the price of shopping for property, mentioned the Kolboni. Many metropolis dwellers can’t afford housing prices.

Entry to housing has turn into a driver of inequality, notably for younger folks, the mayor added.

Nationwide governments benefit from the financial advantages of tourism – Spain ranks among the many prime three most visited international locations on the earth – however these advantages make housing unaffordable for residents of some standard vacationer locations.

The upgrading of city areas and the choice of property house owners for profitable vacationer leases has turn into one of the mentioned points throughout Europe.

Native authorities have up to now decade introduced restrictions on short-term leases in locations corresponding to Spain’s Canary Islands, Lisbon and Berlin.

Spain’s Housing Minister, Isabel Rodríguez, mentioned she helps the Barcelona municipality’s choice.

“The measure is about making all the required efforts to make sure entry to inexpensive housing,” Rodríguez harassed to X.

“Colboni is making a mistake that may result in (greater) poverty and unemployment,” Barcelona’s vacationer condominium affiliation APARTUR mentioned in an announcement, including that the ban would trigger a rise in unlawful vacationer flats.

Inns are anticipated to profit from the measure. The opening of latest motels within the metropolis’s hottest areas has been banned since 2015, however Colboni hinted that he might chill out that restriction.

“These 10,000 flats shall be utilized by town’s residents or put available on the market for hire or sale,” mentioned the mayor, referring to the measure.

Barcelona’s native authorities mentioned in an announcement that it could preserve a “robust” inspection regime to establish potential unlawful vacationer flats as soon as the ban comes into drive.

Barcelona had suspended the issuance of latest permits for condominium leases below former mayor Ada Colau (2015-2023), a supporter of housing rights, as a way to rein within the metropolis’s vacationer growth. However that hasn’t stopped the consequences of hypertourism from persevering with to be felt in housing, notably after the tip of the Covid-19 pandemic.

To protest this example, many native associations have known as for an illustration within the metropolis on July 6 with the central slogan: “Sufficient! Let’s put limits on tourism!”.

This demonstration follows different related occasions which have already been organized in current months in different main vacationer locations in Spain, such because the Canary Islands and Palma de Mallorca.

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