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Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels . "Short stay" rentals are an offshoot of the corporate housing market, [ 2 ] and are also offered by private owners and investors via online platforms such as Airbnb .
The government of Florence is currently seeking to ban new short-term rental properties in the city's historic center, which is a UNESCO World Heritage Site. The city's administration argues that the increased availability of short-term rentals through platforms such as Airbnb, which cater to tourists, have made housing inaccessible for local ...
Short-term rentals are banned in certain parts of the city. [121] Barcelona: Vacation apartments are subject to the highest rate of property tax; platforms must share data with regulators. [122] [123] [124] Berlin: Short-term rentals require permission from authorities. Hosts can rent individual rooms with the condition that they live in most ...
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Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
In the spring, short-term rental rates average up to $278 a day on Hilton Head Island, according to AirDNA. Though property owners might not make as much money per day for a long-term rental ...
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