At the beginning of 2024, a residential community in Marbella decided to ban short-term vacation rentals. The reason? Some neighbors had complained about noise and disturbances caused by certain properties managed directly by their owners. But has this ban truly resolved the issue? In this video, Jesús García Ahumada, CEO of Banus Rentals, offers a revealing analysis of the real consequences of this decision.
Watch the full video to get firsthand insights and discover why responsible regulation is the future of vacation rentals.
The key points from the video include:
The properties that initially triggered complaints continue to operate legally, as they obtained their licenses before the ban.
An unexpected consequence: property values have started to drop. One homeowner had to lower their asking price after losing three potential buyers who decided against purchasing because they couldn’t rent out the property when not in use.
Why over 60% of buyers in beachside communities today look for properties that can be rented seasonally.
General Conclusions
Jesús emphasizes a key takeaway: bans are not the solution. A well-regulated and organized rental system can resolve issues without negatively impacting property values or discouraging buyers.
Banus Rentals: The leading vacation rental management company in Marbella
With over five years of experience, Banus Rentals has established itself as Marbella’s most trusted vacation rental manager. Our focus on quality and regulation ensures not only the satisfaction of property owners and tenants but also harmony within residential communities.
If you have any questions about how this might affect your property, don’t hesitate to get in touch.