• Mexico City New Regulations for Short Term Rentals: Whats happening?

  • Oct 9 2024
  • Length: 8 mins
  • Podcast

Mexico City New Regulations for Short Term Rentals: Whats happening?

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  • Summary

  • Key Stats for Mexico City’s Short-Term Rental Market:

    • 📈 Annual Revenue: $16.5K (+18%)
    • 🏘️ Total Active Listings: 20,035 (+7%)
    • 🛏️ Occupancy Rate: 58% (+4%)

    New Regulations in Mexico City:

    • 🏙️ Stricter Limits on Short-Term Rentals:
      • Rentals limited to 50% of the year to protect traditional hotels.
      • Aimed at reducing gentrification and rising housing prices.
    • 🏘️ Social Housing Restrictions: No rentals of government-built housing for tourism.
    • 📜 Host Registration Requirement:
      • Hosts must register properties every two years.
      • Each listing needs its own registration number and certificate.

    Impact on the Market:

    • 🏗️ Investment Concerns: Some worry it may reduce investment in real estate.
    • 💰 Tax Obligations: Hosts must comply with local lodging taxes and report earnings.

    Despite Changes:

    • 📊 Market Still Strong: With Mexico City’s appeal, savvy investors can navigate the regulations for continued success.
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