AirBnBs charge international prices, which creates a property market skewed by international investment.
I live in a tourist area, and prices here have gone up by between 100% at the low end to over 500% at the high end.
These are mostly holiday homes and holiday rentals, and the locals can't afford to live here any more - either renting or buying.
One of the results has been a huge political shift rightwards, with increasing hostility to tourists and immigrants. Of course the far right cynically take advantage of this issue, and of course they have no intention whatsoever of fixing anything.
But the fact that it's an issue at all is causing huge problems.
> charge international prices, which creates a property market skewed by international investment.
That ship has looong sailed. Especially in the days of full-time remote work jobs. Especially in the EU.
I wish a big barrel of industrial-grade luck to the good people of Barcelona! They definitely need it, because the changes they implemented so far (introducing rent control) did not help.
AirBnBs charge international prices, which creates a property market skewed by international investment.
I live in a tourist area, and prices here have gone up by between 100% at the low end to over 500% at the high end.
These are mostly holiday homes and holiday rentals, and the locals can't afford to live here any more - either renting or buying.
One of the results has been a huge political shift rightwards, with increasing hostility to tourists and immigrants. Of course the far right cynically take advantage of this issue, and of course they have no intention whatsoever of fixing anything.
But the fact that it's an issue at all is causing huge problems.