European tourist centers believe coronavirus lockdowns could help residents 'regain control' of housing rentals
As several European countries begin to turn the attention to what comes after the coronavirus pandemic, their cities are looking at ways to re-imagine themselves. Milan's plan to reduce traffic, for instance, may prove to be an inspiration for urban planners. Another aspect of European city life that could change as a result of the pandemic is the holiday rental market, The Guardian reports.
Major European cities clogged by tourists, like Barcelona, Paris, and Dublin, have complained that businesses like Airbnb have driven up rents in their city and contributed to housing shortages. But with tourism in steep decline at the moment, officials believe there's a chance those apartments could wind up back in the hands of locals. "We hope to see a third or even a half of these licensed tourist apartments become normal apartments to rent over the next three years," said Janet Sanz, the deputy mayor of Barcelona, which is home to 9,600 licensed holiday apartments, plus thousands of unlicensed ones.
Sanz acknowledges the owners will make less money with conventional letting, but she hopes they'll opt for stability for the time being.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Paris city hall estimates the French capital's residents, meanwhile, have lost out on 30,000 homes that are used exclusively for short-term lets. Paris Deputy Mayor Ian Broussat thinks there's now an opportunity to "regain control" with the city buying some of the apartments and returning them to the "traditional rental market." Read more at The Guardian.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.
-
Ex-Sen. Bob Menendez sentenced to 11 years
Speed Read The former New Jersey senator was convicted on federal bribery and corruption charges last year
By Rafi Schwartz, The Week US Published
-
Passenger jet, Blackhawk helicopter collide in DC
Speed Read An American Airlines flight with 64 people aboard collided with an Army helicopter, and no survivors have been found
By Peter Weber, The Week US Published
-
White House withdraws Trump's spending freeze
Speed Read President Donald Trump's budget office has rescinded a directive that froze trillions of dollars in federal aid and sowed bipartisan chaos
By Peter Weber, The Week US Published
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
By Peter Weber, The Week US Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
Enron mystery: 'sick joke' or serious revival?
Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
By Peter Weber, The Week US Published
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published