The EU finally intervenes in housing
Restrictions on internal mobility within the bloc have allowed the European Commission to regulate holiday rentals, among other measures.
The European Union has unveiled a robust yet cautious intervention in housing policies. The European Commission's draft regulation, proposed on Wednesday, marks a significant milestone. Its aim is to facilitate "affordable access" to housing by assuming the creation of "pressure zones" that various partners, led by Spain, are practicing.
It also endorses restrictions on rental rates for tourist accommodations in these zones, from Barcelona to Chamonix, Bavaria to the Balearic Islands, concluding that they may exacerbate demand pressures by reducing the availability of permanent family homes and driving up rental and purchase prices. However, these are subject to cautionary measures, which must be provided and kept within limits set as percentages of the population, and are temporary, lasting up to five years, though this does not cancel indefinite restrictions, such as in the capital of Catalonia.
Written by urgent.news from El Pais Economia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
