{"id":4775,"date":"2017-11-30T12:57:21","date_gmt":"2017-11-30T12:57:21","guid":{"rendered":"https:\/\/www.powersabogados.com\/en\/?p=4775"},"modified":"2017-12-04T07:43:06","modified_gmt":"2017-12-04T07:43:06","slug":"apartments-for-touristic-use-an-increasing-trend-in-the-most-touristic-cities-in-spain","status":"publish","type":"post","link":"https:\/\/www.powersabogados.com\/en\/real-estate\/apartments-for-touristic-use-an-increasing-trend-in-the-most-touristic-cities-in-spain\/","title":{"rendered":"Apartments for touristic use Community of Madrid | Activity Start Guide"},"content":{"rendered":"

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Madrid is one of the large cities with the greatest increase in apartments for tourists. Here are the key characteristics of this social phenomenon and a practical detailed guide<\/a>\u00a0<\/span>of the steps required to initiate the business of apartment rentals for tourists in compliance with the legal dispositions in the Autonomous Community of Madrid.<\/span><\/p>\n

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A phenomenon which is gaining growing interest is apartments for touristic use<\/b>. Nowadays touristic activity represents 7.7% of Madrid GNP (124.780 million euros in January 2017): within this framework, the supply of apartments for touristic use<\/b> in Spain has been overtaking the supply of hotels, due to several factors:<\/span><\/p>\n

Increase in demand: <\/b>aside from providing more privacy and flexibility, tourists tend to prefer having a whole flat at their disposal primarily because compared to a hotel stay it is normally cheaper.<\/span><\/p>\n

Increase in supply: <\/b>renting an apartment is a very well-paid activity, which turns out to be a huge advantage considering the financial crisis Europe is currently struck by. Moreover, if flats are rented out by using online platforms like Airbnb<\/i><\/b>, the renting activity pays off for reasons other than making money: stays are normally short, resulting in the risk of deterioration being pretty much non-existent; payment is always made in advance. Finally, this system allows the landlord to get to know people from many countries, affording the opportunity to know different cultures and improve the language skills.<\/span><\/p>\n

Apartments for touristic use<\/b> in Spain are regulated by each the Autonomous Community differently as they have been delegated competences on the issue of touristic matters. We will now focus on the current legality applicable to apartments for touristic use in the Madrid Autonomous Community<\/b>. <\/span><\/p>\n

What is the legal framework concerning apartments for touristic use applicable to the Madrid Autonomous Community?<\/b><\/span><\/h2>\n

Decree n\u00ba 79 of 2014, of July 10, is the regulation currently in force in the Madrid Autonomous Community. In June 2017, a range of reforms in the field were announced, notably aiming at the introduction of the so-called Certificado de Idoneidad para Vivienda de UsoTur\u00edstico<\/i><\/b> (Certificate of suitability for apartments for touristic use<\/b>) and, more broadly, aiming at filling the gaps existing in the current legal framework. Such a certificate guarantees the client that the flat complies with a minimum of quality parameters established by law. <\/span><\/p>\n

Which are the steps to rent an apartment for touristic use in the Autonomous Community and the City of Madrid?<\/b><\/span><\/h2>\n

The current legislation requires all apartments for touristic use to be registered in the Registro de Empresas Tur\u00edsticas<\/i> (Touristic Companies\u2019 Registry), by submitting to the Direcci\u00f3n General de Turismo<\/i> (Touristic Department of Madrid Autonomous Community) a Declaraci\u00f3n Responsable de Inicio de Actividad de Vivienda de Uso Tur\u00edstico<\/i> <\/b>(Affidavit of the legal representative of the start-up of activity).<\/span><\/p>\n

By filing this Declaration with the Direcci\u00f3n General de Turismo<\/i> (Touristic Department of Madrid Autonomous Community), the applicant is declaring that: <\/span><\/p>\n