Temporary ban on Airbnb-permits in Spain

Barcelona has announced that starting at the end of 2028, renting out apartments to tourists through platforms such as Airbnb will be prohibited. This measure is intended to address the housing crisis in the city and alleviate pressure on the housing market. In this blog, we discuss how this decision affects our projects and investors.

Implications for Valvest

Valvest exclusively develops projects in the Valencia region, which means the ban in Barcelona will have no direct impact on our activities. However, Valencia has recently announced a temporary one-year halt to the issuance of new 'Licencia Turística' permits to curb the uncontrolled growth of Airbnbs. During this pause, the municipality will develop a plan to ensure that only quality tourism is attracted. Currently, there are approximately 8,000 permits active in Valencia, some of which are owned by Valvest. Since it remains possible to transfer existing permits, we can continue to develop rental projects in the future.

Valvest will therefore continue to focus on developing:

• Short-stay rentals
• Student housing
• Hotel rooms

Impact on Returns

Because Valvest is fully vertically integrated and manages the entire development cycle in-house, we save significantly on external party costs. These cost savings directly benefit our investors' returns, allowing the financial impact of changing regulations to be offset. Although the costs of obtaining existing permits may increase, developing short-stay apartments remains a highly attractive and profitable option for Valvest.

Conclusion

Our proactive approach and vertically integrated operations enable us to manage costs efficiently and maintain attractive returns, even amidst regulatory shifts. This resilience makes Valvest a compelling choice for those looking to invest in robust real estate projects.

Register with Valvest today to explore our innovative financial structures and seize the investment opportunities our projects offer.