French lawmakers back bill to tighten Airbnb regulation

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The legislation, which has been successful  the works   since April 2023, aims to slash taxation  breaks for tourer  properties successful  a bid to curb short-term rentals amid shortages of affordable housing.The legislation, which has been successful the works since April 2023, aims to slash taxation breaks for tourer properties successful a bid to curb short-term rentals amid shortages of affordable housing.. Photo: Grégoire CAMPIONE / AFP/File
Source: AFP

French lawmakers connected Thursday backed a measure aimed astatine expanding the regularisation of tourer accommodation specified arsenic Airbnb to combat the shortage of affordable housing.

The National Assembly little location adopted the authorities by a ample majority, with the acold close voting against.

The measure -- the effect of a compromise betwixt the 2 houses of French parliament -- had been unanimously approved by the precocious location Senate connected Tuesday.

The legislation, which has been successful the works since April 2023, aims to slash taxation breaks for tourer properties successful a bid to curb short-term rentals amid shortages of affordable housing.

The purpose is to modulate short-term rentals, an enactment that is present "spiralling retired of control", said Annaïg Le Meur, 1 of the lawmakers down the bill.

The roar successful Airbnb-type rentals has contributed to "encouraging speculation" and "further complicating entree to accepted housing", she said.

"This is simply a measure for the French, for each those who are looking for semipermanent accommodation and who are incapable to find it," Housing Minister Valerie Letard said successful the Senate.

The taxation allowance for furnished tourer accommodation would autumn to 50 percent from 71 percent, with a headdress lowered to 77,700 euros (83,500 dollars).

The authorities would slash taxation breaks for non-classified tourer properties to 30 percent from 50 percent, with a headdress of 15,000 euros.

The authorities besides gives mayors a "toolbox" to modulate short-term accommodation, Inaki Echaniz, co-author of the bill, said successful a statement.

Local authorities volition besides beryllium capable to acceptable quotas for furnished tourer accommodation.

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Source: AFP

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