The VFT licence
Vivienda con Fines Turísticos — required for any rental under 2 months. Registration at Junta de Andalucía's tourism registry. Number must appear on every listing (Airbnb, Booking, VRBO).
The 2024–2025 community-vote change
Following national legislation, communities of owners can now approve or block tourist use by a 3/5 majority vote. New VFTs in older buildings require this vote. Existing licences continue but cannot be transferred to new owners without re-vote.
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Start matchingTowns blocking new licences
Málaga centro suspended new VFTs in 28 districts since 2024 (extension into 2026). Marbella restricted issuance in dense apartment buildings. Estepona old town partial suspension. Mijas Costa, La Cala, San Pedro currently still issuing.
What this means for investors
Buy a property with an existing transferable VFT, or a villa (single-family, exempt from community vote). Pure investment apartments are getting harder. Long-term rental yields rising as supply shifts.
See rental yields by area and summer rentals investment.
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Areas in this article
- Marbella guide6,800 €/sqm · +9.2% YoY
- Mijas guide3,700 €/sqm · +7.4% YoY
- Estepona guide4,900 €/sqm · +11.7% YoY
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