Featuredoperationsshorttermrentalz.com··1 min·For: Owner, GM, Revenue, Investor
EU Drafts Framework for Local Short-Term Rental Caps
The European Commission is preparing proposals under the upcoming Affordable Housing Act that establish a legal framework for local authorities to cap short-term rentals in housing-stressed markets. The rules will require restrictions to be proportionate and data-driven based on property prices, incomes, and housing supply.
Key Takeaways
- 1New framework allows quantitative caps on short-term rentals based on local housing affordability metrics
- 2Restrictions must be non-discriminatory and proportionate, with potential grandfathering for existing operators
- 3The draft legislation is scheduled for presentation on September 9 before review by EU member states
Source: shorttermrentalz.com
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