Airbnb fined £56m by Spain for advertising unlicensed properties

Spain fines Airbnb £56m for advertising unlicensed properties in a move to crack down on unregulated accommodation bookings, which have impacted local housing markets. Despite the hefty penalty, Airbnb plans to contest the ruling in court. This action by Spain's Consumer Affairs Ministry reflects a broader global concern around short-term rentals and their effects on housing availability and neighbourhood integrity.