With the municipal council now restricting new permits to establishments with a separate entrance, Malaga is finally slowing down the growth of its tourism industry.
Thus, Malaga follows the Balearic Islands, San Sebastian, Barcelona, Gijón, Madrid, Seville, and Valencia in promoting similar or more stringent regulations. In these locations, a one-year ban on new tourist home licenses went into force on May 30.
The Andalusian Regional Government Register states that 12,124 residences in Malaga are licensed for use by tourists. There are more than 350,000 in all of Spain, and 1.75 million of those spots are available, based on statistics released by the National Statistics Institute in February of last year.
Malaga has the highest percentage of vacation rentals among Spanish cities with a population of at least 500,000: 2.7% of all its units are designated for guest use, as opposed to the 1.33% national average. More importantly, in recent years, the amount of tourist housing in the city has increased fourteen times.
The consequences for locals are dire, since analysts attribute the pattern to a dramatic increase in the price of purchasing and renting real estate. The city often ranks highest in terms of real estate costs.
The growth of tourist accommodations has alarmed the Malaga Tenants’ Union, which claims that it has effectively driven out inhabitants from a number of neighborhoods as housing becomes scarce and rates skyrocket.
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