PARIS: The French parliament on Thursday (Nov 7) approved a bill aimed at tightening the regulation of tourist accommodation such as Airbnb to combat the shortage of affordable housing. France is the second-largest market for Airbnb, with listings in more than 29,000 towns and cities in the country.
This photograph taken on Oct 28, 2024 shows the logo of short-term housing rentals online application Airbnb on a smart-phone screen in front of the Eiffel Tower in Paris. PARIS: The French parliament on Thursday approved a bill aimed at tightening the regulation of tourist accommodation such as Airbnb to combat the shortage of affordable housing.
The bill - the result of a compromise between the two houses of French parliament - had been unanimously approved by the upper house Senate on Tuesday. The legislation, which has been in the works since April 2023, aims to slash tax breaks for tourist properties in a bid to curb short-term rentals amid shortages of affordable housing.
The tax allowance for furnished tourist accommodation would fall to 50 per cent from 71 per cent, with a cap lowered to €77,700 . It will be possible to cut the rental durations of primary residences to 90 days a year from 120 days now."Hundreds of mayors, from Paris to Biarritz, from Annecy to Saint-Malo, are impatiently awaiting this proposed law," said Laurent Lhardit, lawmaker and deputy mayor of Marseille.
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