Real estate frenzy in the Canary Islands: segregations and divisions of homes, +160% due to law change to curb Airbnb - maspalomas24h.uk
Summary
A law change in the Canary Islands to curb Airbnb has led to a real estate frenzy, with segregations and divisions of homes increasing by 160%. Hosts in the region should be aware of this market shift and any potential impacts on their properties' value and rental potential.
Key Insights
- •A real estate frenzy is occurring in the Canary Islands due to a law change to curb Airbnb.
- •Segregations and divisions of homes have increased by 160% in response to the law change.
Action Items
- ✓Hosts in the Canary Islands should investigate the specific details of the law change and how it impacts their ability to operate short-term rentals, especially concerning permits or restrictions on property use.Effort: mediumImpact: high
Common Mistakes
- ⚠Hosts failing to comply with new local regulations may face penalties or restrictions on their rentals, so hosts should ensure compliance with the changing legal landscape.
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