The Spanish Competition Authority is to challenge the Canary Islands Tourist Rental Law in the Canarian Supreme Court.
The Comisión Nacional del Mercado de la Competencia (CNMC) believes that the law imposes a range of unnecessary restrictions that don’t correct a fault in the market or protect a public service. As such, it is to challenge the rules in court.
Amongst the rules that the CNMC regards as unjustified or anti-competitive are the ban on private rentals in resort areas, the ban on single renting out rooms in a private property, and the need to register each property before renting. Read More