EU Introduces New Framework to Curb Short-Term Rentals
The European Union has launched measures to support long-term housing in tourist-heavy cities, drawing criticism from vacation rental platforms.
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According to Euronews, the European Union has introduced a new regulatory framework designed to curb Airbnb-style rentals in an effort to boost the availability of long-term housing within tourist-heavy cities.
The initiative aims to address housing pressures in urban areas popular with visitors by shifting properties back towards residential use.
However, short-term rental platform Airbnb has warned that the newly introduced framework creates regulatory uncertainty without effectively improving long-term housing outcomes.
Source: Euronews. Read the original report ↗
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This brief is based on reporting by Euronews.