The EU wants to crack down on short-term rentals to make housing more affordable
The future European law on affordable housing plans to give local authorities a legal basis for limiting apartments intended for tourists.
The European Commission is introducing new rules to help regulate short-term rentals, such as those offered through Airbnb, in an effort to address the housing affordability crisis in European cities. The Affordable Housing Act, set to be approved by the Commission on Wednesday, will give local authorities the power to determine if an area is experiencing housing shortages and implement targeted measures.
According to Commissioner Dan Jørgensen, short-term rentals make up only 1.2% of the EU's total housing stock, but can account for up to 20% of available rentals in popular tourist destinations like Porto and major European cities. The new legislation aims to support cities and regions in addressing the housing crisis, with Jørgensen emphasizing that "housing is a right, not just a commodity," and that "people should come before profits."
Written by urgent.news from Politico EU's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
