Barcelona, a popular tourist destination since the 1992 Olympic Games, has experienced a boom in short-term rentals leading to a rapid increase in rents that most residents find unaffordable. Mayor Jaume Collboni has announced a total ban on short-term rentals to be implemented from 2029, in response to the rising rents. According to Idealista, Spain’s top rental website, rents in Barcelona have surged by 14% over the past year, making it one of the most costly cities in Spain to live in. The short-term rental market is often blamed for the escalation in prices. The ban aims to restore balance to Barcelona’s housing market.
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
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