US EditionEU to unveil plan to tackle housing crisis
The European Commission targets short-term rental platforms blamed for reducing affordable housing by 70% growth impact to harmonize rules and support public housing investments.
- On Tuesday the European Commission prepared to adopt a draft housing package that argued stronger measures are needed, pairing scrutiny of short-term rentals with state-aid and planning reforms.
- Data show that between 2019 and 2024 around 70% of the growth of short-stay platforms reduced affordable housing for local residents, with some popular tourist destinations seeing short-term rentals reach 20% of housing stock.
- The draft proposed a new regulation to harmonise standards and housing definitions across the EU, curb unfair competition with traditional accommodation providers and small businesses, and strengthen consumer protection across the EU.
- Dan Jørgensen, EU commissioner for housing, was appointed a year ago, while the European Parliament special committee on the housing crisis and the 2024 EU regulation on short-term rentals signal institutional focus.
- While light on detail, the draft said the Commission will propose new legislation next year aimed at limiting negative effects while `preserving their benefits`, naming short-term rental platforms such as Airbnb, TripAdvisor and Expedia.
19 Articles
19 Articles
European Commission Unveils Strategy to Address the Housing Crisis
European Commission’s housing crisis strategy aims to expand supply, mobilize investment, and protect vulnerable households across the EU.. Credit: EmDee / CC BY-SA 4.0 / Wikimedia Commons The housing crisis has become one of the most urgent social and economic challenges on the European Commission’s policy agenda. Rising rents, limited housing supply, and declining affordability are increasingly shaping political debate across member states. Of…
The plan focuses on increasing housing supply by simplifying urban planning and permitting procedures, as well as regulating short-term rentals in areas with housing stress. EU state aid rules will be revised to facilitate the financing of social and affordable housing, and a new legislative initiative will support Member States in these efforts. "This plan sets out concrete actions to make housing more affordable by triggering investment, regul…
The European Union is tackling the huge housing crisis in the Old Continent by presenting on Tuesday a plan to encourage construction and manage short-term rentals.
If you buy a house in Europe, you pay about 60 percent more than ten years ago. Rents also increased significantly. The EU has now presented ideas for more affordable housing.
60% increases in house prices, 30% in rents and 1.3 million homeless - The European plan for 650,000 new homes per year and measures to limit short-term rentals
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