A draft law currently going through the Balearic regional legislative process aims to force “large holders of property” to make them available for rent.
Barcelona City Hall has introduced new regulations for tourist accommodation that look designed to push the business of holiday rentals out of the city centre.
Rental prices are rising fast in many Spanish cities, in particular Barcelona and Madrid, where politicians are starting to call for rent controls.
Both Madrid and Barcelona have announced plans to increase control over tourist rentals, though Barcelona is far more advanced than Madrid.
Regular legal-contributor Raymundo Larraín Nesbitt explains the tax allowances that non-resident landlords may now benefit from following a recent European Court of Justice ruling.
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