Insight
The European Union has proposed new legislation, the Affordable Housing Act, to help local authorities address housing affordability and availability in areas under stress.
EU Unveils Rules to Help Cities Crack Down on Airbnbs
Summary
The EU proposes the Affordable Housing Act to combat rising housing costs, offering cities a framework to curb short-term rentals. This aims to protect housing affordability and availability in stressed areas where prices have jumped over 60% since 2013.
Key takeaway