French Parliament Passes Law to Regulate Airbnb Rentals

The new legislation aims to curb short-term rentals to address the affordable housing crisis in France.

The law reduces tax breaks for tourist rental properties, with allowances for furnished accommodations dropping from 71% to 50%.
Local authorities are empowered with new tools to regulate short-term rentals, including setting quotas and limiting rental days.
The legislation is a response to the rapid increase in tourist accommodations, which rose from 300,000 to 1.2 million in eight years.
While the hotel industry welcomed the law, Airbnb expressed concerns over the impact on hosts and potential administrative burdens.
The law allows cities to designate areas for primary residences in urban planning to prioritize long-term housing solutions.