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Madrid Says Tourist Flats Down 15.7% Since Plan Reside Took Effect

City officials credit tougher licensing, higher fines, targeted outreach.

Overview

  • The Urbanism department reported the drop since the plan’s final approval on August 27 following sign‑off by the regional government.
  • Inside Airbnb listings fell from 16,959 in July to 14,297 on November 7, and are 19.8% lower than the 17,490 recorded in November 2024.
  • Agency of Activities and CAFMadrid count 1,423 dwellings that stopped tourist use since June after coordinated identification and owner notifications.
  • Plan Reside blocks licences for dispersed tourist flats in the historic center and elsewhere limits new licences to units with independent ground‑ or first‑floor access, with a 15‑year cap for whole‑building VUT and incentives to convert offices to housing.
  • The city now applies stepped fines of €30,001, €60,001 and €100,001 for unauthorized operations, publishes a roster of licensed units, and is creating a shared database to target irregular listings.