US EditionFlorence bans new short-term rentals in historic centre
- Florence has banned new short-term residential lets on platforms like Airbnb in its historic centre, aiming to free up more homes for local residents. Existing landlords who switch to ordinary leases will be offered three years of tax breaks.
- The housing crisis in Italy, caused by low salaries, property shortages, short-term holiday rentals, and high inflation, has hit low earners and students hard. Florence has seen a surge in Airbnb listings, with the number of apartments listed almost tripling since 2016, driving up rent prices by 42% in that time. Prices have continued to rise by 15.1% this year.
- In response to Florence's new regulations, there is opposition from political parties such as Forza Italia, who plan to appeal against the ban, and organizations like Property Managers Italia, who believe the rules go against the liberal market. Airbnb has not yet commented on the matter.
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Florence Fights Back Against Airbnb as Locals Say They’re Priced Out of City - BNN Bloomberg
Florence, the birthplace of the Renaissance and one of Europe’s top cultural attractions, has had enough: the Italian city will not allow any more properties in its historic center to be rented out on a short-term basis, amid an outcry from local residents priced out of the housing market.
Florence, one of Italy's most popular tourist destinations, has officially banned short-term rentals on platforms such as Airbnb in its historic centre. The move by local authorities aims to protect Florence's heritage and provide more space for locals, Reuters reports.
The new measures, approved by the municipality on Monday, also offer owners tax breaks for three years if they agree to transform their current leases into classic rentals.
Florence bans new Airbnbs and short-term rentals in historic centre
Florence, one of Italy’s most popular tourist destinations, has banned new short-term residential lets on platforms such as Airbnb in its historic centre, in the latest move by a local authority to try to free up homes for local people.
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