By South China Morning Post | Created at 2024-11-23 05:16:15 | Updated at 2024-11-23 08:36:42
3 hours ago
Croatia is set to become the latest European country to tackle a tourism-related housing price crunch, although some property owners fear the proposed legislation will affect business.
A package of draft laws was approved in the Croatian parliament last week, but the final nationwide legislation will only be passed after wider discussion and likely amendments.
Cities from Malaga and Barcelona in Spain to Athens, Greece, and Budapest in Hungary have clamped down on short-term rentals to alleviate housing shortages and reduce prices for local people.
Such moves in popular tourist destinations might have an impact on platforms such as Airbnb and Booking.com.
This year Croatian coastal tourist trap Dubrovnik banned new private rental permits in its historic Old Town to keep young people from leaving as a result of high costs.
