You are here

Berlin curbs Airbnb rentals to cool market

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

BT_20160502_AIRBNB_2255950.jpg
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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes