The Rules That Curb Airbnb's Business, Is It Still Profitable in Latin America?

Real Estate attorney Esteban García was cited in a LexLatin article analyzing the regulation of short-term rentals in Latin America. Every day, more cities and countries are joining a movement against any form of temporary rent for tourists, which has created a significant obstacle for the lucrative models of Airbnb and similar platforms. Mr. García pointed out that Colombia does not have regulation specific to temporary rentals but rather a general rule for urban living. However, he added, there are regulations for tourism that establish obligations like enrolling in the National Tourism Registry and paying a tax, "very different from a contract for renting a temporary home for the long or short term."

READ: The Rules That Curb Airbnb's Business, Is It Still Profitable in Latin America?