Housing shortage due to Airbnb? The EU Commission wants to solve the problem with a kind of magic formula
Brussels blames short-term rentals for pushing out local populations in tourist hotspots, but resistance to the new regulations is already emerging.
The European Commission has proposed the "Affordable Housing Act" to address the issue of unaffordable housing in European cities. The act aims to provide mayors with tools to take justified measures to tackle the problem, which is partly attributed to short-term rentals like Airbnb. The commission suggests using a ratio of property prices to local median income to identify areas with housing shortages.
The proposal will now be reviewed by the EU Council and Parliament, where it has already faced criticism from some, including the European People's Party, and lobbying groups like Airbnb.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
