THE WAYPOINT SUR

Ahh, peace and quiet, the AirBnBers are leaving

The gold rush mellows out

Málaga city's tourist rental boom just hit a wall. The city has frozen all new vivienda de uso turísticoshort-term rental — licenses for three years. The 12,754 properties already registered can keep operating. Everyone else: the window closed. Confirmed January 2026.

This follows a pattern. First, the city required independent entrances, so guests wouldn't traipse through your comunidadhomeowners association — lobby at 3 am. Then 43 neighborhoods hit the 8% saturation cap and got blocked entirely. Now, the whole city.

The legal basis is Andalusian Decree-Law 1/2025, which gives municipalities the tools to act. Málaga is the first major city to use them this aggressively. Others are watching.

What actually changes

If you already have a VUT license, nothing. You're grandfathered in, and your license just became more valuable.

If you bought property with the intent to rent it short-term, your business model needs revision. Mid-term rentals (32+ days) remain unregulated. Long-term rentals suddenly make more sense. Some owners will sell.

If you live here full-time, in an urbanización that's been slowly converting to Airbnb, something quieter is coming.

The upside

The revolving door of guests slows down. Fewer suitcases in elevators. Fewer "Which bin is recycling?" conversations at 11 pm. Your neighbors might actually be... neighbors.

Long-term rental inventory should increase. If you're still renting and have watched prices climb as apartments disappeared into the VUT market, this is pressure relief.

The communities that felt like hotels are starting to feel like communities again. That's not nostalgia. It's what most residents moved here for.

The downside

Property flexibility evaporates. That apartment you bought partly because "we could always rent it when we're away"? That option just closed. Your property becomes less liquid, less versatile.

Prices for existing VUT-licensed properties will climb. If you're trying to buy into the rental market now, licensed units carry a premium. Scarcity creates its own inflation.

And the informal economy tightens. Some owners will rent anyway, unlicensed, hoping enforcement stays loose. It won't. Fines start at €2,000 and scale up. The denunciaformal complaint — from your fed-up neighbor is now worth filing.

What to actually do with this

If you own property in Málaga: Review your long-term plans. If short-term rental income was part of your exit strategy, that door is closed for at least three years. Mid-term (32+ day) rentals remain an option. Run the numbers on what that changes.

If you're thinking of buying: Ask one question before anything else: "¿Tiene licencia turística?"Does it have a tourist license? A licensed property is now a different asset class than an unlicensed one. Price accordingly.

If you're renting long-term: Don't expect immediate relief, but watch inventory over the next 12-18 months. Some VUT owners will convert to long-term rather than leave properties empty. That's leverage you didn't have before.

If you're in a different town: Watch whether your municipality follows. Marbella, Estepona, and Fuengirola all have the same tools available under Decree-Law 1/2025. The pattern Málaga set is now the template. The Junta de Andalucía's tourism registry (Registro de Turismo de Andalucía, +34 955 06 39 10) can confirm license status for any property.

The question under the question

Is this still the Costa del Sol you moved to?

Probably more so. Most of us came here for the climate, the pace, the neighbors-who-know-your-name thing. The VUT explosion made that harder. This is a correction of what we wanted.

But corrections have costs. Less flexibility. Fewer options. A more regulated, more predictable, more... European coastal life and expenses.

Worth knowing which side of that trade you're on.

Spanish-lite

"¿Tiene licencia turística?"Does it have a tourist license?

The question that now separates the two different property markets.

The bottom line

Málaga's freeze won't empty the Airbnbs already here. But it stops the flood. Your urbanización might actually quiet down. Your property options just narrowed. Whether that's progress or loss depends on why you're here, and what you were planning to do with that spare bedroom. The coast is growing up. Slowly.

Nearly there — A. and the WaypointSur team with guest rooms for actual guests