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THE END FOR HOLIDAY APARTMENTS IN CANARIA - Landlords' Association smells extermination campaign

The Canary Islands Association for Vacation Rentals 'Asociación Canaria del Alquiler Vacacional (ASCAV)' has just launched a frontal attack on the Canary Islands Federation of Municipalities (FECAM). It is obviously about the sheer survival of 70,000 families and the holiday accommodation they run on the Canary Islands (Viviendas Vacacionales - VV).

The accusations listed weigh heavily, it is about nothing less than the deliberate and complete destruction of the entire sector of private holiday rentals (VV).

Literally, the advocacy group's statement reads:

"ASCAV exposes the dark machinations of FECAM against 70,000 families" currently involved in the private holiday rental sector.

In the further explanations, which in the meantime have found a broad media echo, some of the accusations are dealt with in detail.

According to these, FECAM is said to have commissioned a Madrid law firm to draft a new regulation on holiday homes, with a single and hitherto "hidden objective":

The abolition of holiday homes in the Canary Islands and their "concentration in the hands of investment funds and large management companies".

ASCAV also says that some municipalities are unhappy with the development. Allegedly, these municipalities have already raised their voices within FECAM.

ASCAV says it has been waiting for more than five months for a call from FECAM to be involved in the new regulatory process.

ASCAV's accusations weigh heavily, the press release continues:

"FECAM never intended to involve ASCAV in this new draft regulation because it served to conspire behind our backs to justify the biggest attack on the holiday home sector, which according to official figures has created more than 37,000 direct jobs and supports 70,000 families in the Canary Islands (plus owners and managers). The economic impact amounts to more than 1.5 billion euros, which will remain entirely in our archipelago and will affect more than 27 per cent of accommodation in the Canary Islands. "

According to the information received, FECAM justifies the steps it has taken by citing the lack and scarcity of housing for the local population, ignoring, ASCAV further states, that "all parties, councils and town councils in the Canary Islands have a report of more than 150 pages, prepared by the University of Las Palmas de Gran Canaria (TIDES Institute), which refutes these myths".

Moreover, the holiday home sector is currently very well regulated. Since 2015, the Canary Islands have had a valid regulation (Decree 113/2015 of 22 May, approving the regulation of holiday homes in the Canary Islands) that has passed the strictest controls of legality.

It now remains to be seen whether and if so, how FECAM will react to this media offensive. Furthermore, in the next few days, foreign owners of Canary Islands properties that are currently being rented out will certainly ask what this means for their property and further tourist use. This should set a huge stone rolling in local tourism.


Text: Chris Ernst | Photo: Editorial Network Montefuego Media Services / ASCAV

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