Governments around the world are tightening rules on short-term rentals to address local challenges. Here are the latest updates:
Athens: The city has introduced a one-year freeze on new short-term rental permits. The goal is to ease housing affordability issues and find a better balance between tourism and community needs.
Egypt: The government is looking to formalize the STR market with stricter rules. Plans include mandatory licensing and a 14% VAT on rental income to ensure better tax compliance and oversight.
Alicante: Over in Spain, Alicante has introduced a two-year ban on new holiday rental licenses in certain neighborhoods. This measure is designed to tackle housing shortages and reduce the pressure of tourism on local communities.
These updates highlight how cities and countries are working to balance the needs of residents and tourists while addressing housing and affordability concerns.
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