The European Commission seeks a solution for housing affordability in large cities
Published
The European Commission is considering new measures to improve housing affordability in large European cities. The goal is to limit the negative impact of short-term tourist rentals, which often make properties in popular destinations too expensive for local residents.
The problem is particularly relevant for countries like Spain and Italy, where the mass renting of apartments to tourists leads to a shortage of housing for long-term rental. In many of these cities, rental prices have risen significantly, forcing many people to look for homes outside the central areas.
In Bulgaria, the situation is different, and according to experts from the Bulgarian Industrial Association, the country is still far from needing to impose strict restrictions on short-term rentals. The market in our country is developing differently, and there is not the same pressure on the housing stock as there is in major Western European tourist centers.
Nevertheless, the discussion at the European level continues, as housing affordability is becoming a key social issue for the entire European Union. It is expected that common rules will help member states balance the needs of the tourism sector with citizens' right to an affordable home.
In the future, it remains to be seen whether the measures proposed by Brussels will be applied equally in all countries, or whether each state will have the freedom to adapt the regulations according to its specific needs and market conditions.
Sources: Българска стопанска камара
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