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Madrid Bans Vacation Home Rentals to “Protect Tourists” and “End Unfair Competition”

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Friday, December 27, 2013 11:55 AM

In the name of “Protecting Tourists” Madrid Prohibits Vacation Rental Homes. Via Mish-modified translation from El Economista …

 Proposed rules would effectively prohibit homeowners from renting their homes. Rental licenses will be only given to properties for primary uses (hotels, offices, etc.), not to individuals for temporary use.

The Community of Madrid seeks “to establish minimum requirements designed to “protect the rights of tourists” and to “end unfair competition.”

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