Málaga’s old town has matured into one of Spain’s most consistently performing short-let markets — Calle Larios, the Cathedral, the Picasso Museum and the redeveloped port within ten minutes’ walk of each other. But there’s a hard regulatory ceiling: Málaga municipality has a 3-year moratorium on new VUT licences, which means we onboard properties that already hold valid licences rather than ones seeking new ones. For an existing-licence centre apartment, demand is exceptional and surprisingly evenly distributed across the year.
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