rentalproperties
The Valencia region in Spain is to impose fines of up to €600,000 on unlicensed and black-market short-term rentals and Airbnb-style apartments. This is in an attempt to stop overtourism in the area, which has also been putting added pressure on local public facilities and driving rental prices up in key European tourist destinations. According to Airbtics, an Airbnb analysis company, the average Airbnb or short-term rental accommodation in Valencia has a median occupancy rate of 79%, being booked for 288 nights annually. With a daily rate of €93 on average, in 2023, hosts saw a typical revenu...
Euronews (English)
Many in Málaga fear that their city is becoming a theme park for tourists. Activists say the post-pandemic tourism boom has pushed locals to the limit by distorting the rental market and gentrifying the city centre. Marching under the slogan ‘Málaga for living, not surviving’, last weekend 15,000 people took to the streets to demand affordable housing and protest mass-tourism in the Costa del Sol city. Bernardo, 39, tells Euronews Travel that he went “to support people who are trying to live with dignity in Málaga”. For many, he says, the “situation is getting worse month by month due to the c...
Euronews (English)
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