France's parliament passed a bill to regulate Airbnb and similar rentals amid an affordable housing crisis.

The French parliament has passed a bill to regulate tourist accommodations like Airbnb in response to the affordable housing crisis. Approved by the National Assembly after Senate support, the legislation reduces tax breaks for tourist properties and empowers mayors to set quotas and limit rental durations. The tax allowance for furnished accommodations will drop from 71% to 50%, with new caps introduced. Critics argue it may disadvantage individual hosts in favor of larger hotel chains.

November 07, 2024
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