New Tourist Regulations and License in Valencia (Changes in 2024)
Discover the latest changes in tourist license regulations in Valencia in 2024. Find out how these regulations may impact the real estate market and tourist rentals.
On August 2, 2024, new regulations on tourist rentals came into force in the Valencia region, creating significant opportunities for investors and those buying a second home in this beautiful region of Spain. In this article, we will present key information about the new legislation and its impact on Valencia's property market.
New regulations on tourist rentals in 2024
The new regulations on tourist rentals in the Valencian Community cover the provinces of Alicante, Castellón and Valencia. Here are the most important guidelines:
Definition of tourist rental
All rentals of less than 11 days will be classified as a tourist rental. Rentals longer than 11 days will be treated as seasonal rentals, which are not subject to these regulations.
Tourist licenses
Tourist licenses will be valid for 5 years, after which they must be renewed. The renewal application must be submitted to the municipality at least one month before the deadline expires.
Requirements for new applications
New applications, submitted after August 2, 2024, must include a statement from the Community of Owners, confirming that tourist rental is allowed.
Rental of the entire property
Renting by room is prohibited. The entire property must be rented in its entirety.
Term to start the lease
Once the tourist license is obtained, the rental must be started within 2 months; otherwise, the license expires.
Legal requirements for tourist rentals
In addition to the above guidelines, properties intended for tourist rental must meet a number of basic requirements, such as:
- Evacuation plan at the entrance doors.
- Elevator in buildings with 4 or more floors.
- Provision of access to hot water.
- List emergency and medical numbers in a visible place.
- Internet access and appliances, including refrigerator, oven and electric stove.
What about existing licenses?
The new regulations also introduce three types of transitional provisions for existing tourist rental licenses:
- For properties licensed before July 1, 2018: They can keep their licenses unchanged.
- For properties licensed between July 7, 2018 and the entry into force of the new regulations: They must meet the new requirements within 5 years and renew the approval before 2030.
- For new properties after the new regulations come into force: They must immediately comply with the new rules and renew all formalities every 5 years.
Why the new regulations?
The new regulations aim to balance tourism with the lives of local residents. In 2023 and 2024, the number of tourists reached record levels, and the new law seeks to ensure that tourist rentals are carried out in an orderly manner, which will allow the balance between the different types of tourist accommodation to be maintained. These regulations also combat unfair competition from those who rent their homes illegally. Such practices harm the regulated tourism industry and lead to social problems.
Investment in property in Valencia
The new regulations also create opportunities to invest in medium-term rentals (from 11 days to 11 months), which do not require a specific license. This is an excellent opportunity for those who want to invest in a property in Valencia, taking advantage of the growing interest in tourism in this region.
Summary
The new regulations on tourist rentals in Valencia open up many opportunities for investors and people planning to buy a second home. We encourage you to explore our offer and take advantage of the investment opportunities offered by the real estate market in Spain. For more information on current trends and regulations, do not hesitate to contact our team of experts at Azul Villa.
Disclaimer: The information contained in this article is based on data provided by our local real estate attorney. For specific questions, we recommend contacting an attorney.