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New EU law lets Spanish councils cap Airbnb and second homes: who’s protected and who isn’t

In the Baleares, an average household now spends 57 per cent of its income just to cover their first year’s mortgage repayments, and Brussels has handed Spanish town halls a new legal weapon to act. Second-home owners and Airbnb hosts in the priciest regions could feel it first. The European Commission put forward its Affordable Housing Act on Wednesday September 9… Source

In the Baleares, an average household now spends 57 per cent of its income just to cover their first year’s mortgage repayments, and Brussels has handed Spanish town halls a new legal weapon to act. Second-home owners and Airbnb hosts in the priciest regions could feel it first. The European Commission put forward its Affordable Housing Act on Wednesday September 9… Source
ORIGINAL SOURCE

Euro Weekly News Spain

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