Madrid is preparing to pass legislation that would ban 95 percent of Airbnb and homeshare listings from the city.
New regulations, released Wednesday by the secretary for sustainable urban planning, place strict rules on home rentals, specifically in Madrid’s historic center.
The plan aims to “preserve residential use of buildings, putting a stop to permanent use (by tourists) and replace it with temporary, thus preventing housing from becoming accommodation exclusively for tourists,” according to The Local Spain.
City officials hope to prohibit landlords turning entire buildings into rentals, unless they have a hotel license.