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Local Spain
19 hours ago
- Business
- Local Spain
How tourist lets in Spain are pushing locals out of city outskirts
Despite the increasing amount of regulations aimed at controlling short-term lets in Spain, tourist rentals remain so profitable for many families and businesses that the phenomenon seems unstoppable. Just over 1.5 percent of properties in Spain are now tourist lets, but these are just the official numbers that don't factor in the unlicenced properties. Unsurprisingly, Airbnb-style lets are no longer limited to Spanish city centres and there are plenty on the outskirts too. Neighbourhood associations are reporting that this trend is driving residents not only out of the zonas centro (city centres), but out of the outer lying barrios (neighbourhoods) too. As tourist apartments located further out come with lower prices, they're proving popular among cost-cutting holidaymakers. In Madrid, locals are demanding that new restrictions on tourist apartments be extended to the entire city and not just the central areas. Those particularly affected by the increase in tourist apartments are those in Tetuán, Puerta del Ángel, San Lorenzo and Puente de Vallecas, traditionally working-class neighbourhoods of the Spanish capital. The mayor's new Plan Reside has been dubbed Plan Expulsa (Expulsion Plan) or Plan Especula (Speculate Plan) as a result. The opposition Socialists have criticised that within the last few months investment firms have bought more than 30 buildings in Puerta del Ángel to be turned entirely into tourist apartments. In the neighbourhood of Sant Antoni on the outskirts of Valencia, many new tourist apartments are being created and the council estimates that they could increase the population of the area by five percent. According to Ximo Muñoz, a member of the neighbourhood association, it will be very difficult for the area to be able to sustain such growth. And the problems are being witnessed not just in the outskirts of Valencia but also in nearby towns such as Manises and Quart de Poblet, where prices have increased by 42 percent compared to two years ago, or in Burjassot and Mislata, where housing is now 45 percent more expensive. A similar situation is being seen in Málaga, where neighbourhoods away from the centre are now the scene of stag and hen-dos, the constant rumbling of suitcase wheels and parties until the early hours of the morning. According to data from Málaga city hall, 37,000 malagueños (locals from Málaga) have been forced to leave the southern city over the past five years, due primarily to unaffordable housing. All these examples show how residents of Spanish cities who opted to live in the outskirts as a way of paying less are being pushed further out still as gentrification expands. Demand for long-term rentals and properties for sale in these barrios far outweighs supply, and tourists lets, including unlicenced ones, are playing a pivotal role in this. Spain's Ministry of Consumer Affairs recently ordered Airbnb take down 65,935 illegal tourist let ads from its website. In 2024, a report from Madrid Town Hall showed that there were more than 15,200 illegal tourist rentals in the city, one of the greatest concentration of them in the country. In the Andalusian province of Málaga there are 43,366 illegal tourist homes, according to data from the Ministry of Consumer Affairs, which represents more than half of 85,000 apartments illegally advertised as tourist accommodation in Andalusia. And in Valencia, the local government believes that of the 12,000 tourist apartments in the city, the vast majority of them are illegal. To try and curb the problem in Barcelona, the city's mayor even said he would aim to ban all tourist rental flats by 2028.
India.com
30-05-2025
- Business
- India.com
Govt Imposes Wheat Stock Limits On Traders To Keep Prices In Check
New Delhi: The Centre has imposed stock limits on wheat applicable to traders/wholesalers, retailers, big chain retailers and processors in order to prevent hoarding and speculation that drives up inflation. "In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government of India has imposed stock limits on wheat applicable to wholesalers, retailers, big chain retailers, and processors in all states and Union Territories,' the Ministry of Consumer Affairs, Food & Public Distribution said on Thursday. The Wheat Stock limit are as under: (i) Traders/Wholesaler: 3000 MT; (ii) Retailer: 10 MT for each Retail outlet. (iii) Big Chain Retailer: upto 10 MT for each retail outlet subject to maximum quantity of (10 multiplied by total no. of outlets) MT. This will be the maximum stock that can be held at all their retail outlets and depots put together. (iv) Processors: 70% of Monthly Installed Capacity (MIC) multiplied by remaining months of FY 2025-26. All wheat stocking entities are required to declare/ update the stock position on every Friday on wheat stock portal ( which will be migrated in due course of time to Any entity which is found to have not registered on the portal or violates the stock limits will be subject to suitable punitive action under Section 6 & 7 of Essential Commodities Act,1955. In case the stocks held by above entities are higher than the above prescribed limit, they shall have to bring the same to the prescribed stock limits within 15 days of issue of the notification. Officials of Central and State Governments will be closely monitoring enforcement of these stock limits to ensure that no artificial scarcity of wheat is created in the country. Central Government has procured 298.17 LMT wheat (upto 27.05.2025) through State Agencies/FCI which is sufficient to meet requirement of PDS, OWS and other market intervention schemes. The Department of Food and Public Distribution is maintaining a close watch over the stock position of wheat to control prices and ensure easy availability in the country.
India Gazette
29-05-2025
- Business
- India Gazette
Centre imposes wheat stock limits on Traders to manage overall food security
New Delhi [India], May 29 (ANI): In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the government has imposed stock limits on wheat applicable to traders, wholesalers, retailers, big chain retailers and processors in all states and Union Territories. The removal of licensing requirements, stock limits and movement restrictions on Specified Foodstuffs (Amendment) Order, 2025 is issued on May 27 and is applicable until March 31, 2026, for all states and Union Territories, Ministry of Consumer Affairs, Food & Public Distribution said in an official statement on Thursday. The Wheat Stock limit are as under: Traders/Wholesaler: 3000 MT; Retailer: 10 MT for each Retail outlet; Big Chain Retailer: upto 10 MT for each retail outlet subject to maximum quantity of (10 multiplied by total no. of outlets) MT. This will be the maximum stock that can be held at all their retail outlets and depots put together; Processors: 70 per cent of Monthly Installed Capacity (MIC) multiplied by remaining months of FY 2025-26. All wheat stocking entities are required to declare the stock position on every Friday on wheat stock portal which will be migrated in due course of time. Any entity which is found to have not registered on the portal or violates the stock limits will be subject to suitable punitive action under Section 6 & 7 of Essential Commodities Act,1955, as per the ministry. In case the stocks held by above entities are higher than the above prescribed limit, they shall have to bring the same to the prescribed stock limits within 15 days of issue of the notification. Officials of Central and State Governments will be closely monitoring enforcement of these stock limits to ensure that no artificial scarcity of wheat is created in the country. The Central government has procured 298.17 LMT wheat (upto 27.05.2025) through state agencies, FCI which is sufficient to meet requirements of PDS, OWS and other market intervention schemes. The Department of Food and Public Distribution is maintaining a close watch over the stock position of wheat to control prices and ensure easy availability in the country. (ANI)
India.com
29-05-2025
- Business
- India.com
Centre Imposes Wheat Stock Limits On Traders To keep prices in check
New Delhi: The Centre has imposed stock limits on wheat applicable to wholesale traders and retailers across the country to prevent hoarding and speculation that drives up inflation. "In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government of India has imposed stock limits on wheat applicable to wholesalers, retailers, big chain retailers, and processors in all states and Union Territories,' the Ministry of Consumer Affairs, Food & Public Distribution said on Thursday. The Removal of Licensing Requirements, Stock Limits, and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2025, dated May 27, is applicable until March 31, 2026, for all states and Union Territories, a ministry statement said. For wholesale traders, the limit of wheat stock is 3,000 metric tonnes (MT) and for retail traders, the stock limit has been fixed at 10 MT. For bid chain retailers, the stock limit is up to 10 MT for each retail outlet, subject to a maximum quantity of (10 multiplied by the total no. of outlets) MT. This will be the maximum stock that can be held at all their retail outlets and depots put together. In the case of processors, the stock limit for wheat has been fixed at 70 per cent of the monthly installed capacity multiplied by the remaining months of FY 2025-26. All wheat stocking entities are required to declare updates of the stock position on every Friday on wheat stock portal ( which will be migrated in due course of time to Any entity which is found not to have registered on the portal or violates the stock limits will be subject to suitable punitive action under Sections 6 & 7 of the Essential Commodities Act,1955, the order states. In case the stocks held by these entities are higher than the prescribed limit, they will have to bring these to the prescribed stock limits within 15 days of the issue of the notification. Officials of the Central and state governments will be closely monitoring the enforcement of these stock limits to ensure that no artificial scarcity of wheat is created in the country, the statement said. Meanwhile, the Central government has procured 298.17 lakh metric tonnes LMT wheat, as on May 27, through state agencies/FCI, which is sufficient to meet requirements of the public distribution system and other market intervention schemes. The Department of Food and Public Distribution is maintaining a close watch over the stock position of wheat to control prices and ensure easy availability in the country, the statement added.
Hans India
29-05-2025
- Business
- Hans India
Centre imposes wheat stock limits on traders to keep prices in check
New Delhi: The Centre has imposed stock limits on wheat applicable to wholesale traders and retailers across the country to prevent hoarding and speculation that drives up inflation. "In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government of India has imposed stock limits on wheat applicable to wholesalers, retailers, big chain retailers, and processors in all states and Union Territories,' the Ministry of Consumer Affairs, Food & Public Distribution said on Thursday. The Removal of Licensing Requirements, Stock Limits, and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2025, dated May 27, is applicable until March 31, 2026, for all states and Union Territories, a ministry statement said. For wholesale traders, the limit of wheat stock is 3,000 metric tonnes (MT) and for retail traders, the stock limit has been fixed at 10 MT. For bid chain retailers, the stock limit is up to 10 MT for each retail outlet, subject to a maximum quantity of (10 multiplied by the total no. of outlets) MT. This will be the maximum stock that can be held at all their retail outlets and depots put together. In the case of processors, the stock limit for wheat has been fixed at 70 per cent of the monthly installed capacity multiplied by the remaining months of FY 2025-26. All wheat stocking entities are required to declare updates of the stock position on every Friday on wheat stock portal ( which will be migrated in due course of time to Any entity which is found not to have registered on the portal or violates the stock limits will be subject to suitable punitive action under Sections 6 & 7 of the Essential Commodities Act,1955, the order states. In case the stocks held by these entities are higher than the prescribed limit, they will have to bring these to the prescribed stock limits within 15 days of the issue of the notification. Officials of the Central and state governments will be closely monitoring the enforcement of these stock limits to ensure that no artificial scarcity of wheat is created in the country, the statement said. Meanwhile, the Central government has procured 298.17 lakh metric tonnes LMT wheat, as on May 27, through state agencies/FCI, which is sufficient to meet requirements of the public distribution system and other market intervention schemes. The Department of Food and Public Distribution is maintaining a close watch over the stock position of wheat to control prices and ensure easy availability in the country, the statement added. wheat stock limits, wheat price control, India wheat regulation, Essential Commodities Act, food security India, wheat hoarding prevention
