The Spanish city is moving to limit holiday accommodations amid local ‘touristflation’ woes in a country that has seen large-scale anti-tourism demonstrations.

Officials in Valencia have signed off on new rules to clamp down on the number of holiday homes across the city.

The latest regulations, announced this week by the City Council of Valencia, stipulate that holiday homes and apartments cannot exceed more than 2% of the total housing stock in each of the city's neighbourhoods and districts. (Euronews)