Property market

What is the impact of tourism (Local Accommodation) on residential house prices?

Answer updated 18 October 2026Independent guide
Short answer

Tourism, especially Local Accommodation (AL), has increased demand for housing in popular areas, putting upward pressure on prices and rents. However, the effect varies by island and neighbourhood. Regulations on AL are evolving, so check with the local municipality for current rules. For price trends, consult local agents or official statistics.

General information, not legal or tax advice. Rules and amounts change: confirm with official sources.

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