New legislation was introduced by the Balearic government in August in order to address the housing crisis as tourist demand for accommodation soars.
The law, which passed in parliament with the joint support of Podemos and Més, prevents homeowners from renting their “habitual residence” to tourists for longer than sixty days over the course of a year.
PSOE abstained from the vote. Contravention of this new law can bring fines of up to 400,000 euros for websites and 40,000 euros for owners.
Reports are already emerging of bookings made months in advance being cancelled (homeowners were given two weeks to comply with the law), but the ministry for economic affairs in Madrid is looking at the legislation as it may contradict both European directives and national law.
The ministry has three months to decide whether to appeal the decision.
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