Roundup: Latest Airbnb developments in Madrid & the West Bank
In 2018, more than 1.2 million visitors stayed in Madrid’s Airbnb-listed apartments
Airbnb bans apartments without private entrances in Madrid; while reversing ban on West Bank settlement listings and donating revenues to humanitarian organisations
Madrid bans Airbnb apartments without private entrances
If you live in Madrid and your apartment does not have a private entrance, you can’t list it on Airbnb anymore.
This is the newest vacation law in the city, which was introduced last week as part of an effort to slow the tourism industry’s steady takeover of residential areas in the city center.
This law is applicable to any housing unit which is being rented out for more than 90 days of the year.
Most importantly, the law applies to multi-floor buildings. It states that any building above ground needs a private elevator or staircase, one which is not being used by any other residents of that building.
As of March 27, Madrid now has the power to initiate proceedings which could lead to the removal of listings violating this new law – something which could fundamentally alter Madrid’s tourism industry.
If implemented to its fullest capacity, it could mean as many as 95 percent of full-time vacation properties in central Madrid would be removed from the market.
This all makes sense given the strain tourism of this nature has placed on the city’s core. In 2018, more than 1.2 million visitors stayed in Airbnb-listed apartments there, while an estimated 24,000 of the listings were in the inner-city area, known as the central almond due to its shape.
Such an influx of tourists is likely to alter life in any city, causing rent prices to skyrocket in short order. Indeed, Madrid has seen rents across the city experience a 7.2% rise from August 2017 to 2018.
Airbnb reverses ban on West Bank settlement listings
Meanwhile, elsewhere in the world, an Airbnb ban was lifted.
The vacation rental service has now reversed its decision to remove rental listings of homes located inside Jewish settlements within the Israeli-occupied West Bank.
This move is expected to settle legal action that has been brought by hosts, potential hosts, and guests.
Airbnb has also said it would donate any additional proceeds from rentals in the West Bank to humanitarian organizations.
Airbnb released a statement that said: “We understand the complexity of the issue that was addressed in our previous policy announcement. Airbnb has never boycotted Israel, Israeli businesses, or the more than 20,000 Israeli hosts who are active on the Airbnb platform. We have always sought to bring people together and will continue to work with our community to achieve this goal.”
Airbnb had initially banned the listings after facing criticisms from Palestinian officials and human rights campaigners, noting when it removed the listings last November that it was doing so because the settlements were at the “core of the dispute between Israelis and Palestinians.”
Let’s take a look at a few other projects currently underway related to apartments and residences:
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