AssetID: 55991506
Headline: UNCAPTIONED: EU Targets Holiday Rentals in Push to Make Housing More Affordable
Caption: EU Targets Holiday Rentals in Push to Make Housing More Affordable. The European Commission is under growing pressure to tackle the impact of short-term holiday rentals on housing affordability across the EU. The debate centres on whether platforms such as Airbnb are contributing to housing prices by taking properties that could otherwise be used as long-term homes off the residential market. The issue has become particularly contentious in tourist destinations and major European cities, where demand for affordable housing is already outstripping supply. EU policymakers are considering measures that would give national and local authorities greater ability to regulate short-term rentals and protect residential housing. Cities have argued that the expansion of holiday lets can reduce the availability of homes for residents, students and workers while changing the character of neighbourhoods. However, the short-term rental sector argues that its services provide additional accommodation for tourists and generate income for property owners and local economies. With housing affordability becoming an increasingly urgent political in Europe, the EU's approach could determine how much control cities have over the expanding holiday-rental market. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,European Commission,powers,local town halls,authorities,regulation,short-term,holiday rentals,problems,tension,rent prices,housing crisis,affordability,students,tenants,major cities,tourist destinations,Airbnb,Booking,impact
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