Clogging Up City Housing
The online home-sharing platform announced new restrictions on London and Amsterdam listings this week that bar homeowners from renting their places to visitors for more than 90 and 60 days a year, respectively.
Local law already contained those limits but city authorities have had difficulty enforcing them.
Airbnb’s decision to fall into line could bring some relief to residents struggling with soaring house prices and rents.
London’s severe housing shortage has pushed home prices sharply higher over the last few years, and rent have also seen steady increases.