The Spanish Ministry of Consumer Affairs announced on the 15th that it has imposed a fine of more than 64 million euros on the international short-term rental platform Airbnb in the US for posting a large number of listing advertisements that violate Spanish rental market regulations. Spain's move is aimed at curbing problems such as rising housing costs caused by excessive tourism to residents in the regions concerned. The Spanish government, in conjunction with some local administrations, has begun to crack down on the posting of non-compliant short-term rental advertisements to tourists through platforms such as Airbnb and Booking.com. Many Spaniards believe that these platforms have led to insufficient rental housing for residents, exacerbating problems such as excessive tourism and rising housing costs. Airbnb removed more than 65,000 illegal listing ads in July of this year. These ads involved various situations such as lack of a license or inconsistent license information.

The Spanish Ministry of Consumer Affairs announced on the 15th that it has imposed a fine of more than 64 million euros on the international short-term rental platform Airbnb in the US for posting a large number of listing advertisements that violate Spanish rental market regulations. Spain's move is aimed at curbing problems such as rising housing costs caused by excessive tourism to residents in the regions concerned. The Spanish government, in conjunction with some local administrations, has begun to crack down on the posting of non-compliant short-term rental advertisements to tourists through platforms such as Airbnb and Booking.com. Many Spaniards believe that these platforms have led to insufficient rental housing for residents, exacerbating problems such as excessive tourism and rising housing costs. Airbnb removed more than 65,000 illegal listing ads in July of this year. These ads involved various situations such as lack of a license or inconsistent license information.