Vacation rental in Madrid grows 12% in 2019, exceeding Barcelona

January 7, 2020
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This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Madrid has surpassed Barcelona this year as a Spanish city with more vacation rentals.

This dubious honor (the arrival of Airbnb in a neighborhood raises rental prices up to 7% and sales prices by 19% according to a study prepared by researchers from different universities, among other effects) takes place after a 12% rise in the number of properties available in the capital. On the contrary, the offer has fallen in Barcelona by 4% between 2018 and 2019. According to a recent report, in Madrid 24,463 vacation rentals (flats or rooms) were announced last year, and 22,199 in Barcelona.

On the other hand, the number of properties for visitors has increased 39% in Malaga, 21% in Seville and 17% in Valencia. The place in Spain where this type of business has grown the most is San José (Almería), 2873%. The properties available in this area of ​​Cabo de Gata have gone from 11 in 2018 to 327 in 2019.

The data comes from the holiday rental analysis company Transparent. Its methodology is to analyze the offer on the Airbnb, Booking, Homeaway and Tripadvisor platforms and its affiliates, using an algorithm that "cleans" the data, so that properties that are advertised on several websites at the same time are not counted, according to the company explains to eldiario.es.

Spain would be, according to this report, the third European country with the most vacation rental offer. In 2019, 459,292 properties or rooms were announced, behind France (790,158) and Italy (739,473).

The result of regulation in Madrid and Barcelona

The reason why the offer would have fallen in Barcelona by 4% would be, for Transparent, the introduction of a more restrictive holiday rental regulation, in line with other European cities, such as Paris, where it has fallen by 2%. The Catalan capital, which is still installed in record tourist figures, has been taking steps to try to control the phenomenon of vacation rental.

The municipality of Ada Colau reached an agreement with the main platforms so that all its users - the so-called hosts - have to provide the tourist housing license number before registering. This allowed the City Council to battle the battle against illegal apartments by closing more than 3,000.

Meanwhile, in Madrid the special plan developed by the municipal government of Now Madrid is still in force, which sought to curb the conversion of housing into tourist accommodation with measures such as owning a municipal license and an independent entrance to that of the rest of the neighbors. The new session has decided not to make any decision until the courts resolve the appeals filed against the plan. Despite being in force, tourist apartments have not stopped multiplying in Madrid.

According to a Redpiso study, 70% of homes purchased inside the M-30 in Madrid - the central almond - are used for tourism because of their high "profitability". Transparent data indicate that the average reserve in the capital is three nights for two people. This recently created company does not offer in its analysis data from years prior to 2018, but you can consult some relatively affordable Inside Airbnb, a critical platform with the consequences for the life of the cities of this business that using public data of Airbnb, provides statistics on accommodations.

The "still photos" of advertisements published on specific days in Madrid and Barcelona only on Airbnb, which are what they offer, show that it would be the first time that tourist accommodation in the capital of Spain exceeds those of the Catalan capital. Thus, in Madrid one day in October 2017 there were 12,775 tourist flats, a figure that far exceeded Barcelona in December 2016 (17,369).

There are two other registers in Madrid: January 2018 (16,313) and November (17,301). About Barcelona, ​​it is said that in May 2019 there were 18,302 ads.

Transparent's methodology, which works to provide data to operators and improve their business, is based on public data, adding the main sources of vacation rentals and the ads on the platforms mentioned above, as well as an algorithm to "clean" records through data such as address, text, size, photos, content, which detects possible duplication of ads. They also incorporate data from private agencies that share them with them.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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January 7, 2020

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