Yes I am talking about the UK. Don’t really know Spain’s legislation.
You did mention this though which I think is quite relevant
*itsafan · 04/08/2025 08:07
And if they don’t want to rent them then they will sell them and then supply will outstrip demand and the prices to buy will come down for locals too
This is exactly what the UK government and a lot of people thought when the legislation that BTL landlords could no longer put mortgage interest on their properties against tax .
It was surprising the amount of people who seemed to think that the resulting cost of this legislation would be paid by the Landlords themselves.
Instead some landlords evicted their tenants when their lease was up and turned their place into a holiday let, getting a holiday let mortgage where they could put the interest element of their mortgage against tax
Those that stayed in BTL passed on the cost of this legislation to their tenants when their lease was up + raised the rental cost even further as there were less rentals and more people wanting to rent
If you didn’t pay the new rent then someone else would.
Very few rental properties ever became available to FTBs. Those that were sold more than likely were put into a property auction where FTB’s could buy if they didn’t need a mortgage
Without Airbnbs in a tourist area there won’t be as many tourists so some businesses will fail or not need as many staff and as a consequence some of those local workers living on the beach won’t have jobs
The hotels rooms in the areas will be like the BTL landlords houses. Demand will outstrip supply and hotels will become more expensive but unlike the tenants who need a roof over their head in a particular area for work/schools etc if hotels put their prices up too much the tourists will go elsewhere
What I am trying to say is that whilst you are thinking that goverment and local governments (even in Spain) can do X Y and Z and that means the owners of these properties will do A B and C, the chances are they won’t do as you think and it could end up costing you more or putting you in a worse situation