Economics
Another European Capital Is Joining the Anti-Airbnb Drive
- Hungarian capital to join Paris, Berlin with stricter rules
- One of the hottest property markets may cool as a result
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Budapest is preparing to follow other popular tourist destinations that have sought to rein in short-term apartment rentals, which fuel property prices and feed a raucous party district in the heart of the Hungarian capital.
With over 10,000 Airbnb listings in 2018, Budapest relies on the industry more than almost any other major European city. It now would join cities such as Paris, Berlin, Amsterdam and Madrid in imposing stricter terms on such rentals as residents fight to reclaim urban neighborhoods from tourists.