New regulations for vacation rentals in the Canary Islands:
What you need to know

If you own a vacation rental in the Canary Islands or are thinking about renting one, it’s important to stay up to date with the new regulations affecting this sector. In this post, we explain the main changes in simple terms and how they might impact your property. At Grupo Némesis, we are here to guide you every step of the way.

What do the new regulations establish?

The Canary Islands Government has introduced a series of regulations aimed at balancing tourism activity with residential life. One of the most significant changes is that in residential areas, only 10% of the homes can be used for vacation rentals. This means that if you own a property in such an area, you’ll need to check if you comply with this limit.

Sustainability and new measures

Sustainability measures also play a key role in the regulations. While some requirements have been eased, such as the removal of the obligation to provide electric vehicle charging stations, other aspects aim to reduce the environmental impact of vacation rentals.

Additionally, the minimum size of properties has been reduced. Now, a vacation rental can be as small as 25 square meters, opening up new opportunities for owners who previously couldn’t meet the space requirements.

You have 5 years to adapt

The government has allowed a 5-year period for property owners to adapt their homes to the new regulations. While this may seem like plenty of time, it’s essential to start as soon as possible to avoid future penalties. Fines for non-compliance can be significant, so it’s wise not to wait until the last minute.

What happens if you don’t comply?

Penalties for non-compliance range from financial fines to suspension of the vacation rental activity. Therefore, it’s crucial to check if your property meets all the requirements and, if in doubt, seek professional advice.

At Grupo Némesis, we offer a free consultation to assess your situation and guide you through the adaptation process. Click here to contact us and learn more about how we can help you comply with the new regulations.

Conclusion

In summary, the new regulations for vacation rentals in the Canary Islands require property owners to adapt to several changes. While some requirements have been eased, like the minimum size or electric charging stations, others, such as the 10% limit on vacation rentals in residential areas, require immediate attention. Remember, you have 5 years to adapt, but it’s better to start early to avoid penalties. At Grupo Némesis, we are here to help you meet all the regulations and ensure that your property remains a profitable investment.