Solar Energy News
TRADE WARS
Paris clamps down on Airbnb to ease housing crunch
Paris clamps down on Airbnb to ease housing crunch
by AFP Staff Writers
Paris (AFP) Nov 28, 2024

Paris unveiled new regulations Thursday tightening restrictions on holiday apartment rentals, hoping to ease a housing shortage with measures including fines of up to 100,000 euros ($105,000) for breaches.

France's parliament approved a bill this month allowing cities to clamp down on short-term furnished rentals to combat a lack of affordable housing.

The French capital, one of the world's top tourist destinations, is among many cities worldwide where officials and activists complain rentals are encouraging "Airbnb entrepreneurs" and speculators to snap up real estate, leading to housing shortages for residents.

Under new rules approved by the Paris city council, which take effect January 1, the maximum number of days a primary residence can be rented will be slashed from 120 per year to 90.

Owners will be required to declare their properties on a national online registry and prove their properties are primary residences, with fraudsters facing a 20,000-euro fine.

The fine for illegally changing a property's designated use will double, from 50,000 euros to 100,000 euros.

Jacques Baudrier, Paris deputy mayor for housing, hailed the regulations as a "historic win", after a more than decade-long push for tighter rules.

"We now have much more efficient legal weapons," he said.

Platforms that fail to block users who violate the maximum number of rental days and concierge services that act as "accomplices" to fraudulent renters will also face fines.

Airbnb criticized the measures in a statement, calling them a "diversion" from the real problems driving housing shortages.

"In other cities that have put in place drastic measures of this type, such as New York, there has been no positive impact on the long-term rental market," it said.

Paris officials estimate 25,000 apartments in the city are currently up for short-term rental illegally, generating one billion euros in annual revenue.

ldp-aco/jhb/tw

Airbnb

Related Links
Global Trade News

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TRADE WARS
Trade gap focus in first visit to Spain by Iraq PM
Madrid (AFP) Nov 28, 2024
Spain and Iraq on Thursday strengthened economic ties as Mohammed Shia al-Sudani became the first Iraqi prime minister to visit the European country. Prime Minister Pedro Sanchez hosted his Iraqi counterpart in Madrid where they signed memorandums of understanding on "financial cooperation and justice", the Spanish government said in a statement. Spanish trade organisations penned agreements on "industrial and business cooperation" with the aim of increasing Spain's business in Iraq in sectors s ... read more

TRADE WARS
Turning emissions into renewable methane fuel

Turning automotive engines into modular chemical plants to make green fuels

Sacred cow: coal-hungry India eyes bioenergy to cut carbon

Waste heat from London sewers eyed to warm UK parliament

TRADE WARS
Altman says Trump will keep US in AI lead; as Musk trolls OpenAI with profiteering suit

Cutting-edge robotic system advances bridge crack detection technology

MIT researchers develop an efficient way to train more reliable AI agents

Mini smart city drives design of safer automated transportation

TRADE WARS
Baltic Sea wind farms impair Sweden's defence, says military

Sweden blocks 13 offshore wind farms over defence concerns

Sweden's defence concerned by planned offshore wind power

On US coast, wind power foes embrace 'Save the Whales' argument

TRADE WARS
Stockholm ban on petrol, diesel cars put on hold

Powering future electric vehicles with smarter and safer battery technology

Volkswagen to sell operations in China's Xinjiang

Uber and Bolt unveil women-only service in Paris

TRADE WARS
Breakthrough in heat-to-electricity conversion demonstrated in tungsten disilicide

Engineers develop additive for affordable renewable energy storage

Decarbonizing heavy industry with thermal batteries

ODS FeCrAl alloys show durability in liquid metal flow at fusion reactor temperatures

TRADE WARS
Serbia lifts moratorium on nuclear power

Cheers, angst as US nuclear plant Three Mile Island to reopen

Argonne evaluates small modular reactors for Ukraine's economic recovery

Framatome's PROtect fuel achieves key milestone at Gosgen Nuclear Plant in Switzerland

TRADE WARS
Contentious COP29 deal casts doubt over climate plans

Ukraine says energy sector 'under massive enemy attack'

Developing nations slam 'paltry' $300 bn climate deal

Biden praises COP29 deal, vows US action despite Trump

TRADE WARS
Beeches thrive in France's Verdun in flight from climate change

Congo Basin forests shrink due to illegal logging

EU states oppose watering down embattled deforestation ban

Biden touts climate legacy in landmark Amazon visit

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.