Highlights of the new Law on the Sustainable Management of Tourist Use of Homes in Canary Islands.
To make things simpler, here’s a summary of the main highlights of the new law.
A 10% limitation for properties with a holiday rental use.
The new law stipulates a 10% limitation for holiday homes, unless municipal planning justifies a different proportion.
10 years delay after construction.
Properties may not be used for holiday rentals until ten years after their construction.
Prohibitions for social housing.
It is expressly prohibited for social housing (VPO) to be used for tourist purposes.
More power for local councils.
Each municipality has its own particularities, and, with the new law, local councils will be responsible for deciding which areas are suitable for the location of new holiday homes and which are not.
Renewal of affidavits.
Licences will be valid for a limited period of five years and may be renewed if the regulations are complied with and if the area in which the accommodation is located continues to allow tourist use of properties following the decisions made by the municipalities.
New sustainability and quality requirements.
Properties used as holiday homes must meet basic requirements for safety, quality, sustainability and accessibility.
How does the new law affect existing holiday homes?
If you already own a holiday rental license, you can continue your holiday rental activity indefinitely, if you comply with the regulations. However, you will not be able to transfer your VV licence to another person for example in case of selling the property.
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