Large cities such as New York, Tokyo and Vancouver require hosts who offer short -term rents to live in the homes they rent. On the other hand, London and Paris restrict the number of nights that the host can rent their home annually. Some destinations look at Airbnb.
Experts examined three European centers-Lasson, Florence and Amsterdam-where strict regulations were implemented on short-term rents. Early data indicates that the restrictions imposed on Lisbon and Amsterdam have decreased home prices. However, the influence on Florence was not yet clear.
This is not a new issue, as cities were concerned about the impact of short -term rents on housing costs for years. In recent years, the complexity of the issue has become more clear, and pressure on legislators to control the high cost of living has confessed to the need for comprehensive housing policies.
The rental platforms opposed many regulations. Airbnb filed a lawsuit against New York City for a campaign campaign last year, but the company was more open at a new regulatory level. Over the past two years, Airbnb has called for an approach at the European Union level for short -term rental rules to help make regulations more consistent across the mass.
Airbnb’s ban in Lisbon may have kept the cost of housing low
In early 2023, Portugal suspended all the new short -term licenses as part of a wider effort to reduce pressure on the housing market from tourists in the long term and foreign visitors. The capital of the country, Lisbon, has taken much actions before that, as it ended new short -term rental records in some historical neighborhoods in November 2018.
This ban may slow the growth of housing costs. In a study published in November 2022, co -author Joao Pereira Dos Santos, a researcher at the College of Economics at Queen Mary University in London, found that the prices of homes in Lisbon neighborhoods are 9 % ban.
However, Pereira DOS Santos says that more than short -term rents will be required to control the rapid growth of housing prices in the city and the country. “Golden visas” – residence visas for investors – also raised real estate prices. In response to the real estate crisis, Portugal amended the conditions of the golden visa program last year to exclude real estate investment.
A mixture of restrictions on tourist rents and the purchase of foreigners for property may slow down the growth of home prices in Portugal.
However, according to Pereira Dos Santos, Portugal needs to build and renew many homes to continue to meet the high demand for housing.
House prices stabilized in Amsterdam
Amsterdam’s less strict policy has led to a decrease in the number of short -term rental lists. Instead of fully banning Airbnb, Amsterdam is now limiting the number of nights whose owners can rent their homes to 30 a year. According to the data from the Airdna website on Airdna in the short term for leasing, there are currently about 5,000 lists available in Amsterdam, a decrease from the peak of the city of 12,000 lists in 2019.
House prices in Amsterdam also decreased. However, some experts are cautious about assigning this projection only to impose Airbnb restrictions.
Gregory and. It was stated that it is difficult to determine whether this is due to Airbnb rules. Fuller pointed out that other housing measures that were enacted in Amsterdam during the same period, such as a ban on investors who buy homes worth less than $ 560,000 in 2022, and played a role in relieving market pressure.
However, Amsterdam is still facing the ability to bear the costs. Fuller stressed that housing offer at reasonable prices is much lower than demand.
Florence canceled its ban in Airbnb in the city center
The effect of Airbnb regulations in Florence was not certain due to incompatible implementation and legal challenges. In 2023, the city banned short -term rents in its historical center to address issues of ability to withstand housing costs. This decision was taken in response to the double -term rental rents at the city level and an increase of 42 % lease between 2016 and 2023. However, in July this year, a regional court canceled an Airbnb ban, which led to the rush of investors looking to benefit from the situation before the possible new rules were placed in its place. After lifting the ban, there was a 10 % increase in Airbnb licenses in the city center. Despite these developments, some experts indicate that it is still possible to see the effect of Airbnb, such as empty doors in residential buildings that indicate a shift towards rental use.
