22:38 9 October 2024
Short-term Rentals under Review
The conversion of apartments into short-term rentals has seen rapid growth in cities like Warsaw, spurring concerns among the hospitality industry, real estate market experts, and government officials. Platforms like Airbnb have made it easy for property owners to switch from long-term leases to short-term rentals, often driven by higher profitability. However, this trend has led to an increase in rental prices and a reduction in available housing for long-term tenants, raising questions about housing affordability. In response, the Polish government is considering tighter regulations on the short-term rental market to balance the needs of landlords and tenants. These potential new rules could include limitations on the number of days a property can be rented short-term or additional taxes to discourage further growth. As this debate unfolds, both investors and renters are keeping a close eye on how the market may shift.
