23 Hrs
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الاقتصادية
EU considers limits on Airbnb use
The European Commission has announced its intention to impose new regulations on short-term rental companies, such as Airbnb, in order to address the shortage of affordable housing in European and tourist cities. The move aims to unify short-term rental regulations and identify areas experiencing housing pressure using criteria like the ratio of housing prices to residents’ incomes, population growth, and evolving demand and supply. The rules encourage the implementation of appropriate and balanced restrictions without complete bans, and also include a requirement for platforms to share rental data to assist authorities in assessing their impact. These measures come in response to protests from residents, especially young people, amid increasing pressure on the housing market due to the effects of short-term tourist rentals on housing prices and availability. European countries will discuss the proposals in the coming months, with the goal of minimizing the effects of these changes on the market and the local economy.
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