A new law to curb rents in high-demand areas won't stop owners renting property to tourists, a loophole that could fuel an uncontrolled boom in short-term accommodation, Spain's main tourism lobby said on Thursday.
The bill, introduced by the government on Tuesday, caps annual rent hikes at 3% in certain areas to help those who cannot afford soaring prices in tourist hotspots such as the Balearic and Canary archipelagos or Mediterranean cities like Malaga.
