Barcelona Implements strict measures against tourism boom: Consequences for the real estate market
The city authorities of Barcelona have announced extensive measures aimed at combating the oversaturation of tourist accommodations. The decision, supported by the Constitutional Court of Spain, includes a complete suspension of the issuance of licenses for short-term rentals until November 2028. The goal of the initiative is to return apartments to the long-term rental segment and reduce pressure on the housing market.
Key Measures of the Municipality
1. Ban on new licenses
All applications for tourist accommodation licenses will be frozen. This applies to both new properties and the renewal of existing permits.
2. Support program for housing communities
The municipality has launched consultations for owners, helping them legally restrict the use of apartments for Airbnb in their buildings.
3. Investments in social housing
An example is the Casa Orsola project, purchased by the city in collaboration with the organization Hàbitat3. 49% of the property has been transferred to the affordable rental fund.
Expert assessment
Francis Fernández, head of the Spanish International Realty Alliance (SIRA):Regulation is necessary, but it is important to maintain balance. Owners operating within the legal framework should not become victims of excessive restrictions. The housing affordability crisis requires a comprehensive approach.
Ramon Riera, president of FIABCI:Reducing tourist apartments is just the first step. Sustainable solutions require incentives for developers, tax benefits, and simplification of construction procedures. Without this, the housing shortage will persist.
Impact on the real estate market
- Short-term Effect: The removal of some apartments from the tourist sector may increase the supply for long-term rentals.
- Risks: Excessive regulation could reduce the city’s investment attractiveness, slowing down the construction of new properties.
- Price Aspect: A temporary decrease in housing prices is possible due to the transfer of freed-up apartments to the sales segment. However, the long-term stabilization of the market depends on increased construction volumes.
Barcelona demonstrates a commitment to addressing housing affordability issues through strict regulation of the tourism sector. However, the success of the initiative will depend on the authorities' ability to combine restrictions with measures to stimulate construction and dialogue with investors. The results of this strategy could serve as a model for other cities facing similar challenges.