Barcelona Plans to End Holiday Rentals by 2028

Barcelona bans ALL AirBnb! The city of Barcelona has given notice that all holiday letting will become illegal in 2028 and every single license, over 10,000 of them, will be immediatey revoked. There will be no compensation and no alternative offered. The reason given is that rental costs for residents have risen nearly 70% over the past 10 years, and house prices by 40%, making it unaffordable for locals. Interestingly Barcelona has had a ban on building new hotels for the past 10 years and no plans to change this yet. Jaume Collboni, the mayor, also said "Those 10,000 apartments will be used by the city’s residents or will go on the market for rent or sale" which implies they will not be allowed to sit empty as a secondary residence. I would be a bit worried if I owned a holiday home there.