The EU's Bolder Approach to Affordable Housing: A Necessary Check on the Short Term Rental Market The European Union's proposal to restrict short term rentals in tourist hotspots acknowledges that unregulated vacation homes can exacerbate housing shortages.
Cities like Paris and Barcelona have struggled with temporary rentals pushing up prices and displacing residents for years.
The EU's Affordable Housing Act, unveiled by European Commission vice president Teresa Ribera, aims to harmonize rules across the bloc and empower local authorities to take action against companies prioritizing profit over people.