The Regional Government of Madrid approves the RESIDE PLAN definitively in the Governing Council today
Madrid begins a new era in the management of its residential and tourist ecosystem. The recently approved RESIDE Plan comes into force with strong measures: it eliminates tourist flats scattered in residential buildings in the centre and establishes new rules for Flexible Accommodation throughout the city, protecting the resident and promoting affordable housing.
Alcorcón Boosts the Educational and Residential Future: 300 New Flexible Housing Units for Students in the ADA Macroproject
Alcorcón is at the forefront of residential innovation. The ambitious ADA (Alcorcón Academic District) project not only includes new sports infrastructures, but will also provide 300 Flexible Housing units designed specifically for students. This strategic development seeks to attract talent and offer quality housing solutions to the university community.
600 Million for Flexible Accommodation: JPMorgan and Grupo Lar Boost 'Flex Living' in Spain with Strategic Alliance
One of the most significant transactions of the year in the Spanish real estate sector is taking shape: JPMorgan Asset Management and Grupo Lar announce a joint venture to invest €600 million in the development of 'Flex Living'. This alliance aims to create 5,000 beds in Flex Living projects in key cities, marking the banking giant's entry into this promising residential segment.
SLS Madrid Infantas Residences: Hollywood Glamour Enters the Heart of the Capital, Redefining Flexible Luxury Accommodation
Madrid celebrates the arrival of SLS Madrid Infantas Residences, a project that fuses the vibrant luxury of SLS with the historic essence of the Las Letras district. Inspired by classic Hollywood, this branded residences complex offers high-end Flexible Accommodation, setting a new standard for sophistication and service in the Spanish capital.
Kronos Home Sets Sights on Spain: Branded Residences Could Reshape Luxury in Flexible Accommodation
Leading property developer Kronos Home is seriously considering extending its successful model of branded residences to Spain, following its consolidation in Portugal. This strategy of bringing luxury homes with high-end hotel services promises to raise the standards of flexible and residential accommodation, attracting a buyer and investor profile that seeks exclusivity and an unparalleled lifestyle.
The Pulse of Vacation Rentals: Record Profitability and New Challenges for Flexible Accommodation in Spain
Vacation rentals continue to redefine the Spanish real estate market, establishing themselves as a flexible accommodation option with higher returns than traditional rentals. A recent report by Fotocasa reveals how the supply has grown driven by this attractive profitability, while regulation intensifies the tension in a sector dominated by small owners.
Marbella and Flexible Accommodation: Keys to Legislative Changes and their Impact on Housing Value
Spain's Flexible Accommodation sector is facing new legislative headwinds, with particular impact on key tourist areas such as Marbella. An LPA report looks at how changes to the Horizontal Property Law and other measures are seeking to regulate tourist accommodation, and warns of the potential unintended consequences for property values and rental supply.
The Luxury of Flexible Accommodation Evolves: How will Branded Residences Adjust Rates in a Maturing Market?
The branded residences sector is maturing, and with it, its fee structures are poised for a transformation. As more brands, both hotel and non-hotel, come into play, competition and owner expectations will drive changes in commissions and management models, redefining value in ultra-luxury Flexible Accommodation.
Innovation in Flexible Accommodation: Bechester and Andbank Launch 10 Million Leasing Vehicle to Equip 'Living' Spaces
The Flexible Accommodation sector receives a new financial boost. Bechester, a specialist in equipment for living spaces, and Andbank, have joined forces to create a leasing vehicle of up to 10 million euros. This initiative aims to facilitate investment in high quality furniture and equipment for student residences, coliving, senior living and other long-stay formats, boosting supply and professionalising the sector.
New Tax Window: 50% Reduction in Personal Income Tax for Renting Rooms in Habitual Housing, a Boost to Long-Term Flexible Housing
A recent confirmation from the Directorate General of Taxes opens up a tax opportunity for landlords: a 50% reduction in personal income tax for renting out rooms in their main residence. This clarification seeks to encourage a form of Flexible Accommodation that contributes to the permanent residential offer, although it explicitly excludes tourist and seasonal rentals.
Flexible Accommodation Boosts Seasonality: Tourist Apartments and Rural Tourism Lead Extra-Hotel Growth in May
The Spanish non-hotel sector closed May with notable growth, led by the dynamism of tourist flats and rural tourism. This progress, which exceeds the pre-pandemic figures, underlines the capacity of Flexible Accommodation to attract more travellers and consolidate seasonally adjusted demand, diversifying supply and destinations.
Registry Chaos in Flexible Accommodation: StayAlliance Alerts on Persistent Failures in the Single Registry of Tenancies
The implementation of the Unique Tenancy Registration Number (NRUA) for Flexible and Seasonal Accommodation is creating a major bottleneck and frustration. StayAlliance reports "persistent failures" in the system, which is paralysing the legal operation of thousands of dwellings and threatens significant damage to the sector, right in the middle of the peak season.
Academic Boost to Flex Living: Coword and the University of Malaga Join Forces to Innovate in Flexible Housing
The Flex Living sector in Spain takes a qualitative leap forward with a pioneering collaboration. Coword, a benchmark in Flexible Housing, has signed an agreement with the University of Malaga to promote teaching, research and innovation in this residential model. This alliance seeks to professionalise the sector and train future experts in a market in full expansion.
Santander Boosts Flexible Accommodation in Barcelona: 28 Million for a New Student Residence by Atir Hospitality
The Flexible Accommodation sector in Spain continues to attract significant investment, with Barcelona consolidating its position as a development hub. Santander has committed EUR 28 million to finance Atir Hospitality's first student residence project in the city, a move that underlines the strength of this segment and its ability to attract bank capital.
The Heart of Flexible Accommodation: Small Landlords and Landlords Drive Short Term Rental in Spain
Contrary to popular perception, the short-term rental market in Spain is dominated by individual and small-scale owners and landlords. A recent analysis reveals that this atomisation, far from the image of large corporations, is the very essence of Flexible Accommodation in the country, with significant implications for its regulation and future.
Numa Continues European Expansion: Digitised Flexible Accommodation Arrives in Vibrant Brighton, UK
Flexible Accommodation operator Numa, a leader in digitised urban stays, strengthens its international footprint with a new opening in Brighton, UK. This strategic move consolidates its model of technological efficiency and contactless customer experience, expanding its offering in one of Europe's most dynamic tourism markets.
Rental Profitability in Spain: A Brake on Investment in a Constantly Tense Market
The gross rental yield on housing in Spain declined slightly to 7.21 PTR3T at the end of the second quarter. Although yields remain attractive in certain areas, slower growth and regulatory uncertainty are cooling the decision to buy homes for rent, especially in the face of the growing supply of Flexible Accommodation.
Beyond Traditional Luxury: Wellness Tourism Boom Redefines High-End Flexible Accommodation
The concept of luxury holidays is evolving. Discerning travellers are no longer just looking for relaxation and pleasure, but an immersion in physical and mental wellbeing. This trend is driving a wave of innovation in high-end Flexible Accommodation, with resorts and clinics offering "regenerative" experiences that go far beyond a simple spa.
Luxury Reconfigures: Exclusive Resorts Invests in OneFineStay, Boosting the High End of Flexible Accommodation.
The luxury Flexible Accommodation sector is experiencing a high-profile strategic move. Exclusive Resorts, the prestigious shared ownership club, has acquired a significant stake in Accor's OneFineStay. This alliance promises to elevate the elite private residence rental experience, fusing exclusivity with global scale and redefining the expectations of the discerning traveller.
The Age of Extended Stay: Flexible Accommodation Drives the Hybrid Hospitality Revolution
The travel landscape is changing dramatically. The growing demand for extended stays, driven by remote working and the mix of leisure and business, is catapulting hybrid hospitality. This Flexible Accommodation model, which fuses the best of hotels and residential flats, offers an ideal solution for the modern traveller.
