The European Union is preparing new rules to regulate short-term rentals, in an attempt to curb the growing pressure on the housing sector. The initiative comes as a response to the impact that platforms such as Airbnb have had on the European real estate market, removing homes from the long-term rental market.
The exponential growth of this type of platform is at the center of this European initiative. European authorities intend to increase the supply of homes available for permanent residents, combating housing shortages in various cities across the continent.
The new rules aim to create a balance between tourism and the housing needs of European citizens. The regulation may include registration obligations, limits on rental days, or stricter licensing requirements for property owners who wish to make their properties available on these platforms.
