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In a new development, Airbnb has suspended bookings for certain rentals in New York City due to the implementation of stringent short-term rental regulations. These rules aim to curb the practice of landlords and residents renting out their apartments for short stays, which has triggered housing demand spikes and fuelled controversy in the city.
Under the newly enacted regulations, rentals for durations shorter than 30 days are now only permitted if hosts register with the city. Furthermore, hosts are required to be physically present in their homes during the rental period, sharing living spaces with their guests. Additionally, the rules limit the number of guests to two, effectively barring families from renting these…
Airbnb welcomes progress today on EU-wide short-term rental (STR) rules that mark a step towards more clear, consistent and harmonized rules for everyday Hosts across the bloc.
The European Commission launched its proposal for EU-wide STR rules in December last year which would give authorities better access to data via a harmonized data sharing framework, providing that local rules are clear and simple for everyday Hosts to follow.
The common position reached today by the Council of the EU paves the way for negotiations with the European Commission and Parliament to finalize the new rules later this year, which give hope to many everyday Europeans who are excluded from the benefits of hosting due to fragmented and disproportionate local rules, which were often designed with large…