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New York City Implements Stricter Regulations on Airbnb Rentals

the essential From September 5 in New York, it will no longer be possible to rent an apartment on Airbnb for less than 30 days. A new regulation which is part of the desire of tourist cities to limit the influence of these rental platforms on the housing market.

New York City Hall will be intransigent. From September 5, it will no longer allow individuals to rent their apartment on the Airbnb platform for less than 30 days, as reported by the French-language New York media. cnewyork. Strict control of the regulations which will be ensured by its Office of Special Enforcement (OSE). The city hall wants these units to return to the apartment market for New Yorkers.

A blow for the American company and the tourists while New York is one of the most visited cities in the world. Airbnb nevertheless agreed to apply this new regulation to the letter after a long legal battle and several lost lawsuits. Only so-called “class B” apartments can be rented for a short period. This is a category of buildings completely dedicated to tourist rental.

Grand winner hotels and aparthotels

However, it will always be possible to freely book an apartment for two people with a resident present at the same time as you.

Hotels and aparthotels are the big winners following this decision. Demand is likely to be high and it is advisable to book in advance to be sure of finding accommodation. This market should continue to develop in the coming years to meet demand.

Town halls against Airbnb

Around the world, the town halls of major tourist cities are looking for ways to fight against the proliferation of accommodation exclusively rented on these platforms for short periods. They accuse Airbnb and its competitors of causing strong tensions in the local real estate market and emptying the cities little by little.

For example in Paris, it is only possible to rent out your main residence 120 days a year at the risk of receiving a fine of €50,000 per dwelling and a penalty payment of a maximum amount of €1,000 per day and per m² up to regularization. A limit set at 90 days for London landlords except for those who have been granted a license by the local borough council.

The regulations do not only concern the big cities. Actu gives the example of La Baule in Loire-Atlantique. In this municipality of 15,000 inhabitants, an owner cannot rent more than two furnished apartments. Airbnb, for its part, ensures that it “supports the desire of cities to equip themselves with regulatory tools”.

In order to better regulate the rental market, in 2013 the State created the notion of “tight zone” for conurbations with high urban density suffering from a lack of housing. In these cities, it is easier for town halls to deploy existing regulatory mechanisms without the agreement of the prefect. The objective: to prevent their municipalities from living only during the tourist season.

2023-09-02 05:01:00
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