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Berlin curbs Airbnb rentals to cool market

Administration feels the practice is cutting into a limited property supply and driving up rents

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DISRUPTION?: According to research firm GBI, the private online bookings represent a "parallel market of an additional 6.1 million" overnight stays a year.

Berlin

BERLIN from Sunday began restricting private property rentals through Airbnb and similar on-line platforms, threatening hefty fines in a controversial move meant to keep housing affordable for locals.

The German capital fears that the growing trend of people letting out