Spanish Cities are Bursting Airbnb’s Bubble

Spain is one of the world’s top tourist destinations is Spain. In this country’s biggest cities the locals have grown quite tired of the Airbnb-style rentals and now. The result is that their city councils are taking action. These cities are bursting Airbnb’s bubble.

Greedy landlords

Airbnb and other vacation rental websites have been very popular in helping people find new ways to explore foreign lands for several years.
It’s not unheard of that greedy landlords are throwing out long-term tenants in order to cash in on the tourist flow. These short-term leases are pushing up rent and locals are complaining about the unaffordability of housing.

New rules

Madrid’s left-wing government plans to make short-term rentals nearly impossible. Approximately 95 percent...

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