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Short-term rentals (STRs), locally referred to as "alquileres a corto plazo," are legal in Quebrada, Puerto Rico, but are subject to specific regulations overseen by the Puerto Rico Tourism Company and the Office of Management and Permits. The business landscape for STRs includes properties such as urban apartments and various vacation homes, including cabins and luxury villas. A significant portion of the market caters to tourists, with many seeking accommodations near coastal areas and natural attractions, although there is also demand from business travelers due to the island's growing economy and opportunities. The number of STRs in Puerto Rico has surged significantly, increasing from about 1,000 units in 2014 to over 25,000 by 2023, driven partly by the post-Hurricane Maria real estate market shifts. This rapid growth has raised concerns regarding housing availability and rising costs for long-term residents, prompting discussions about stricter regulations and actively proposing measures like a public registry for STRs and increased taxes on these rentals to fund affordable housing initiatives. For more detailed information on the regulations and requirements, visit the Puerto Rico Tourism Company’s website: http://roomtax.prtourism.com. Additional insights on the current state of STRs can be found through legislative news updates: https://apnews.com/article/puerto-rico-airbnb-rentals-regulations-housing-136381cddc355a61beb81cd0a6ce3e14.
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