"This is the biggest problem in our city," Mayor Jaume Collboni said at a recent press conference, where he announced that by November 2028, the city will no longer issue vacation rental licences to properties, stating that no existing licences will be renewed. The goal is to combat the growing issue of affordable housing for locals who are being priced out of their homes due to the surge in vacation rentals which have dramatically increased rent prices."
"According to Collboni, the price of rent in Barcelona has gone up by 68% in the past ten years, while the price of property for sale has increased by 38%. This spike has created a challenging environment for average wage earners, making it difficult for them to secure housing amidst ballooning costs."
"The more vacation apartments there are, the more rent rises," says Konstantin Kholodilin, a scholar at the German Institute for Economic Research. He notes that this increase averages 2-3%, depending on location. Such trends indicate that the growth of vacation rentals directly influences real estate prices, making housing less accessible for locals who earn standard incomes."
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