Benalmádena City Council has launched a financial aid package to help promote long-term residential rentals, rather than short-term options for tourists.
It comes amid a chronic shortage of long-term rentals in the Costa del Sol resort town.
These are subsidies to encourage long-term residential rentals as opposed to purely tourist rentals, within the framework of the package.
After a great demand on the part of the applicants, the budget was increased to 700,000 euros.
Among the requirements for landlords to be eligible for compensation is that the aid be used to rent housing for a period of between one and five years.
Likewise, the monthly rent may not exceed 700 euros for one-bedroom homes, 800 euros for two-bedroom homes and 900 euros for homes with three or more bedrooms.
The subsidies will be distributed in amounts ranging between 4,000 and 6,000 euros.
“As in most tourist towns, Benalmádena has a problem of access to housing: the pressure of tourism means that there are fewer and fewer long-term rental homes,” said the mayor of Benalmádena, Víctor Navas.
And Navas adds a worrying fact about the exploitation of housing for tourists: “If in 2016 there were 2,000 places in tourist housing, that figure has skyrocketed in 2023 to almost 27,000 units, an increase that has come from housing that is formerly dedicated to residential rental”.