Updated: Airbnb Saga: Short-Term Rent Rules in Budapest to Be Tightened

  • 21 Oct 2024 6:08 AM
  • Hungary Around the Clock
Updated: Airbnb Saga: Short-Term Rent Rules in Budapest to Be Tightened
The government only wants to tighten short-term home rents in Budapest, the Economy Ministry said on Monday after 26 tourism associations signed a letter arguing for a compromise between a complete ban and the current regulation for Airbnb-type of rents.

The ministry said the planned measures will not affect short-term rents for rural tourism purposes.

The government sees the review of Airbnb regulation as a housing issue at a time when “a housing problem has developed in Budapest, which particularly affects young people and young families".

The ministry emphasized that the government continues to co-operate with all professional organisations in the sector and is committed to maintaining a lively professional dialogue.

Family assoc welcomes plans for tighter regulations on short-term rentals

Young family association Ficsak has welcomed the national economy ministry's plans to tighten regulations on short-term, Airbnb-type rentals.

Ficsak told MTI on Friday that the ministry's planned regulations were an important step in making housing more affordable for Hungarian families.

They said that in recent years a significant number of homes in Hungary had been put on the short-term rental market, which had driven up rent and reduced the number of properties available for the long term.

Ficsak said the new regulations could lead to investment properties being placed on the long-term rental market, thereby easing the housing crisis.

Rising housing costs have made life difficult for young people and large families in recent years, the association said, adding that the new regulations aimed to give families the chance to find affordable, stable housing.
 

They pointed out that several major cities in Europe have introduced restrictions on short-term rentals, and "these examples show that these kinds of measures have a positive effect on the housing market".

"Ficsak is convinced that tightening regulations on Airbnb and other platforms like it will contribute to easing housing problems in Hungary and give families a chance to find affordable and secure homes," the statement said.

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers? Then just contact us here!

Related links

Why Full Ban on Airbnb Style Short-Term Rentals in Budapest Now Opposed by Professional Associations

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.