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A Budapest district is holding a two-week referendum on a possible ban on short-term rentals, which would be the first of its kind in one of Europe's most popular tourist destinations. Eurostat ...
Residents of Budapest's sixth district have narrowly voted to ban short-term rentals from 2026 in a decision which could have wider ramifications for the housing market in one of Europe's most ...
France has a long tradition of social and state intervention in the provision of housing. In 1775, the Royal Saltworks at Arc-et-Senans was built with a part dedicated to house workers. [ 1 ] In the 19th century the cités ouvrières (company towns) appeared, inspired by the Phalanstère of Charles Fourier . [ 2 ]
The rent payment for a danchi is much cheaper than that of an apartment or a mortgage, but for a public danchi the prospective tenant must usually participate in a lottery to be assigned an open apartment. Residents in UR danchi do not have to pay key money or contract renewal fees, making the residences cheaper than comparable housing even if ...
Through short-term rental, landlords can make upwards of 30% more than they would on a rent controlled property. [citation needed] Thus landlords convert their properties into short-term rental units, and there are fewer long-term housing options available to permanent residents. Landlords also sometimes pressure and coerce people out of their ...
For instance, 80 percent of the inhabitants of the Paris metropolitan area live outside the city of Paris. [ 2 ] Beginning in the 1970s, the term banlieue has taken on a particular connotation, becoming a popular word for economically-deprived suburbs featuring low-income housing projects ( HLMs ) that are home to large immigrant populations.
Short-term rental of all sorts of products (excluding real estate and holiday apartments) already represents an estimated €108 billion ($160 billion) annual market in Europe and is expected to grow further as the internet makes it easier to find specific items available for rent. [6]
An example is the city of Paris: when old buildings were destroyed, only office and high-rent apartment buildings were constructed in their place, preventing the poor from settling in those neighborhoods. Most were forced to live in the northern suburbs (chiefly in the Seine-Saint-Denis and Val d'oise departments).