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Editorial: El Mundo

  • The European regulation that requires the registration of all tourist-use homes in the Single Lease Registry becomes effective in Spain today.
  • The measure is aimed at increasing transparency and controlling the uncontrolled proliferation of these types of homes.
  • The huge growth of unregistered tourist rentals represents unfair competition for hotel chains and distorts the rental market.
  • Despite the regulation is in effect since January, until yesterday, 45.7% of tourist homes had not yet registered.
  • Just in Madrid, there are more than 15,000 illegal tourist rental homes, compared to the 1,131 licenses officially granted.

Conclusion: The implementation of this register by the Ministry of Housing could mark an important turning point, but it will require collaboration between different administrations and a real political will to correct the current situation.