Airbnb hosts can rent out entire properties, private or shared rooms.
- 11 202 – listings in total
- 7 944 (71%) – entire properties
- 3 122 (28%) – private rooms
- 136 (1%) – shared rooms.
7,944 (71%) – entire properties
3,122 (28%) – private rooms
136 (1%) – shared rooms
Airbnb guests may leave a review after their stay, and these can be used to estimate Airbnb guests activity. However not all guests leave a review, so the actual activity could be higher.
- $97 – average daily rate
- 71% – occupancy rate
- $1 326 – revenue.
When you assess the Airbnb market in Madrid, you’ll notice that there are some hosts who have multiple listings and some that have single listings, just like everywhere else in the world. Also, owners can list their property on 1 or more platforms.
- 81% – listed on Airbnb
- 6% – listed on Vrbo
- 13% – listed on both.
Airbnb hosts have full freedom when it comes to selecting how available their property or rooms are. For instance, by utilizing the calendar tool, a host can set their property to be available for just one week in a year. Alternatively, another example is a host setting their rooms to be available for 11-months out of the 12.
- Available
- 1-90 Days
- 91-180 Days
- 181-270 Days
- 271-365 Days
- Properties
- 6272
- 3340
- 2513
- 1907
- %
- 45
- 24
- 18
- 14
Madrid’s municipal government has announced its plans to“preserve the residential use of buildings” by restricting the number of dwellings in the city that can be legally rented.
Madrid will prevent apartments from being rented out to tourists for more than 90 days of the year and entire apartment blocks will no longer be able to be solely visitor accommodation unless the building is licensed as a hotel.
Airbnbs in the Central zone will need a designated entrance to the street, independent of the entrance used by permanent residents of the building. This would eradicate the majority of apartments currently used as vacation rentals in the city and mark a drastic change for the city.
Short-term single room occupancy is prohibited in most autonomous communities. Property owners who rent out tourist accommodation for short periods must get a license. Holiday rentals that require a license meet the following criteria:
- Property classified as residential.
- Rented out to tourists for short periods (from several days to one or two months)
- Rented using booking systems
- Advertised using specialized websites, platforms and apps (e.g., Airbnb, FlipKey, HomeAway, TripAdvisor, Tripping, VRBO, etc).
You can know more about legal rental issues in Madrid by the following links:
Sources