In the Terezvaros district, also known as “District VI” in the Pest district on the eastern side of the city of Budapest, the capital of Hungary, local administrators will be able to Prohibition of short-term rental of housinglaunched a referendum on. It started on Monday and will continue until the evening of September 15.If the vote is successful, short-term rental practices may be banned.
Housing prices are rising
Neighborhood residents who supported the referendum point out that short-term apartment or house rental practices carried out through platforms such as Airbnb and Booking have increased housing prices in the region.
According to Terezvaros Municipality records, in the district There are 29 thousand 251 flatsand 2,226 of them, or about 7.6 percent, are used as short-term rental apartments. The district attracts many tourists because it is home to the Hungarian State Opera, as well as theaters, shops, restaurants, bars and cafes. Mayor Tamas Soproni,“ The reason we are asking this question to the public is that unfortunately we do not have a legal option. There is not much that municipalities can do about this issue.” he said.
‘Is it a blessing or a curse?’
Many European countries are discussing this
The government of Hungarian Prime Minister Viktor Orban,The government had previously passed a legal regulation that would increase the authority of local authorities to regulate short-term rental housing in Budapest. The said legal regulation was adopted with the aim of protecting the income from hotel management, which constitutes an important part of Hungary’s tourism revenues, and preventing the increase in rental prices due to the impact of short-term rental housing on the market.
Due to similar concerns In Lisbon, the capital of PortugalWhile a referendum to end these practices is envisaged, Barcelona of SpainIn the city, it is demanded that all short-term rental housing practices be banned by 2028.
