EU introduces new framework to curb short-term rentals and boost housing
The European Union has established a new regulatory framework aimed at supporting long-term rentals in tourist-heavy cities, drawing criticism from short-term rental platforms.
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The European Union has introduced a new framework designed to curb Airbnb-style rentals in an effort to boost the availability of long-term housing in tourist-heavy cities across the bloc, according to Euronews.
In response to the move, short-term rental giant Airbnb has warned that the newly established framework creates regulatory uncertainty without effectively improving long-term housing outcomes for residents.
Source: Euronews. Read the original report ↗
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This brief is based on reporting by Euronews.