Turismo's draft regulation for private rentals to be unveiled this Monday, 10 November

[Perikles]

On the other hand, there might just be the reverse effect, as reported here in the Independent

[poker]

No it wont be the opposite . This article only talks about the superritch Russians (that mostly already got their money out of Russia) . . .  The vast majorety has lost buyingpower to buy outside Russia . The value of property has gone down a lot also in Russia . And with the price of comodetys like oil and gas gone less than half its going to be a different market . . . . .

[El Profesor]

Agreed. The Russian middle class has been eliminated. That affects us.

[Janet]

The middle class everywhere has been eliminated, or is in the process of being so.

[Perikles]

El País reports a 35% drop in Russian tourism following the fall in the rouble

[Janet]

so a one-third drop in the fourth-biggest market ... not exactly devastating for us, albeit uncomfortable.

[El Profesor]

so a one-third drop in the fourth-biggest market ... not exactly devastating for us, albeit uncomfortable.

Actually that 35% refers to all foreign travel, I think here it is more like 60%. And that isn't taking into acount the hidden economy of the residents and property owners.

[Janet]

Russia is still only our fourth market, and it was struggling anyway to maintain that with increases in other markets Turismo's been targeting. I get that a positive view is generally unpopular though ... I've seen it on my own site as well, I have no idea why.

[El Profesor]

. . . . . . . . . .  I get that a positive view is generally unpopular though ... I've seen it on my own site as well, I have no idea why.

I think it's because I know a few Russians who are more exposed than the rest of us.
The worst cases are the ones that have residency here; if they go back to Russia they have to hand over their documents and they get put in a special tax bracket (for having a foreign residency).

But I think it'd be hard to exaggerate how much the Russian money has eased the recession here over the last few years - I don't mean just hotel tourists, I mean the people living here.

[Janet]

Turismo's final regulation for private rentals has now been drawn up. Details HERE.