A new local law has been approved on the 27th of March 2019, restricting access to licences to rent out apartments in buildings shared with regular residents.
One of the most restricting requirements is that in buildings where residents live too, there must be separate access, stairways and escalators for the apartments that are rented out for tourist purposes. No shared use allowed at all.
It is expected that 95% of the apartments presently in use as holiday accommodation, will not be able to comply.
Also, at the moment you can rent out your property to tourists for up to 90 days/year, without the necessity of a licence. It is expected that in further Autonomous Legislation, this allowance will disappear.
The city has been divided up in 4 zones, each with their own specific regulations with regards to tourist rentals.
In case you have a holiday rental property in the city of Madrid, we recommend making enquiries with your Town Hall soonest and ask how the ´Plan Especial de Regulación del Uso de Hospedaje´ might affect you.
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