Barcelona, one of Spain's top holiday destinations, has announced that it will stop renting apartments to tourists until 2029. This is an unexpected drastic step taken by city leaders in an attempt to curb rising housing costs.
Another reason is to make the city "more livable" for the residents.
The city's mayor, Jaume Collboni, said on Friday that by November 2028, Barcelona will revoke the licenses of 10,101 apartments currently approved as short-term rentals.
"We are dealing with what we believe is Barcelona's biggest problem," said Collboni.
"This means that "from 2029", if there are no obstacles, "tourist apartments, as we understand them today, will disappear from the city of Barcelona".
A boom in short-term rentals in Barcelona, Spain's most visited city by foreign tourists, has left some residents unable to afford an apartment as rents rose by 68% in the past 10 years and the cost of buying a home increases by 38%.
It should be noted that Spain ranks in the top three countries with the most visits in the world, but with the inhabitants of the region "punished" in some countries.
Local governments have announced restrictions on short-term rentals in places like Spain's Canary Islands, Lisbon and Berlin in the past decade.