Read previewBarcelona plans to end short-term rentals after complaints that tourism has priced locals out of the housing market.
"Tourist apartments represent just 0.77% of Barcelona's housing stock," Enrique Alcantara, president of the Barcelona Tourist Apartments Association, told media after the announcement.
AdvertisementGlobal short-term rental restrictionsOther cities are similarly eyeing short-term rental restrictions to manage skyrocketing housing costs in what's been deemed the "Airbnb effect."
Cities including Vancouver, Tokyo, London, Amsterdam, and Paris have all placed restrictions on the short-term rental market.
Some Southeast Asian countries have banned short-term rentals completely.
Persons:
—, Jaume Collboni, Collboni, Airbnb, Damià Calvet, Calvet, Enrique Alcantara
Organizations:
Service, Business, Spanish, Government, EU, Barcelona Tourist Apartments Association, Estate Economics
Locations:
Barcelona, Spanish, Madrid, what's, Irvine , California, New York City, Cities, Vancouver, Tokyo, London, Amsterdam, Paris, Singapore, Thailand, Irvine