The new reform of the Spanish Horizontal Property Law, which came into effect on April 3, 2025, marks a turning point for property owners in Marbella who wish to rent out their homes as vacation rentals.
From that date forward, obtaining a new tourist rental license requires the explicit approval of the homeowners' association.
But how does this impact your property’s value?
And what are the consequences being seen in Marbella’s key tourist areas such as the Golden Mile, Puerto Banús, or San Pedro Playa?
The Association of Real Estate Agents of the Costa del Sol (LPA) has published a comprehensive report analyzing this new legal scenario, its implications, and offering expert recommendations.
At Banus Rentals, we encourage you to read this report before making any decisions that could affect the value of your assets.
Read the full report here
or download the PDF directly: LPA Report 2025 (PDF)