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Business Daily

The short-term rental clamp down

Aug 27, 2024
17:31
Snipd AI
Cities around the world are cracking down on short-term rentals, aiming to preserve housing for locals. Barcelona plans to reclaim 10,000 apartments, sparking debates on tourism's impact. Meanwhile, Halifax's restrictions reveal unintended consequences, adding to the black market woes. A Scottish accommodation owner shares struggles with new regulations, highlighting the ongoing uncertainties faced by hosts. Dive into the complexities of Airbnb's influence on local markets and the broader implications for urban living.
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Quick takeaways

  • Cities like Barcelona are implementing strict regulations on short-term rentals to combat housing shortages for local residents.
  • The emergence of unregulated rental activities highlights the challenges of enforcing restrictions and ensuring homes return to the long-term rental market.

Deep dives

Global Crackdown on Short-Term Rentals

Cities worldwide are enacting stricter regulations on short-term rentals to address the housing crisis and the negative impact on local communities. Many cities, including Barcelona, have proposed bans on these rentals, emphasizing the need to return properties to the local housing market. For instance, the mayor of Barcelona plans to remove 10,000 apartments currently listed on platforms like Airbnb by November 2028 to help local residents find affordable housing. This has sparked protests from locals who are concerned about the potential impact on tourism and small businesses that rely on tourist stays.

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