Spainish Appeals Court Rejects Airbnb - 66,000 short-term rentals must cease

[ronnie50]

This Spanish appeals court ruling today is a major victory, or major defeat, depending on your view point. But Spain, like so many other countries now, has a desperate shortage of affordable rental housing for its citizens. In many countries - especially those popular with tourists - Airbnb-style short term housing and apartment rentals, which are more popular than hotels for many tourists, are being partially blamed for the limited availability of long-term accommodation. However, investors who bought places specifically to rent out via Airbnb's feel cheated. It will be interesting to see how this plays out in other countries/cities - some of which have already introduced restrictions or bans of their own. 

 

AP report from Madrid:

https://apnews.com/article/spain-airbnb-housing-tourism-36f8bf81c5a9d09a980fdd57d8a74445