operationsSkift··1 min·For: Owner, GM, Revenue, Investor
EU Proposes New Rules to Help Cities Restrict Short-Term Rentals
The European Commission has introduced the Affordable Housing Act, providing cities with a legal framework to curb short-term rentals like Airbnb in housing-stressed areas. The proposal aims to tackle soaring housing costs, which have increased by more than 60% across the bloc since 2013.
Key Takeaways
- 1New EU legislation establishes a legal roadmap for cities to restrict short-term rentals
- 2The framework helps authorities identify areas facing acute housing affordability stress
- 3Short-term rental trade groups have raised concerns over a lack of regulatory oversight
Source: Skift
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