Overview

• The law reduces tax breaks for tourist rental properties, with allowances for furnished accommodations dropping from 71% to 50%.
• Local authorities are empowered with new tools to regulate short-term rentals, including setting quotas and limiting rental days.
• The legislation is a response to the rapid increase in tourist accommodations, which rose from 300,000 to 1.2 million in eight years.
• While the hotel industry welcomed the law, Airbnb expressed concerns over the impact on hosts and potential administrative burdens.
• The law allows cities to designate areas for primary residences in urban planning to prioritize long-term housing solutions.