The Spanish city of Valencia has followed the example of Barcelona, Madrid and some other cities in the country and imposed restrictions on the provision of rental services to tourists, El Pais reports.
The corresponding decision was adopted by the Parliament of Valencia, which amended the law on tourism. The document suggests that only first and second floors of buildings can be leased out to tourists.
In this case, the owner of the living space that is intended for renting only should receive the appropriate license and a unique individual number. If the owner of the apartment does not indicate his or her individual number on a website of online aggregators, the website will be fined. The amount of fine can be quite substantial, up to 600,000 euros.
The Spanish authorities see the need for such restrictions because of the tax avoidance on the part of a large number of landlords. Also, a growing influx of tourists into this country is now causing problems.