Booking.com has removed more than 4,000 illegal vacation rental listings in Spain, mainly on the Canary Islands, following a request by the Spanish Consumer Protection Agency.
This is a great review of Europe's housing crisis!
In my view, much of the housing crisis has been brought on by over-tourism/digital nomads, heavy regulation, and stagnating economies.
Many European countries are really in a bind...they need tourism and the almighty dollar to bring money to their countries, but then housing prices go up.
On the other hand, mass immigration of low-wage workers, many of whom use public housing, creates a shortage there. (I'm not getting into an argument about immigration being good or bad, it is a statement of fact.)
My very humble opinion is- build, decrease transfer taxes (for God's sake), and limit rental properties/long term rentals.
This is a great review of Europe's housing crisis!
In my view, much of the housing crisis has been brought on by over-tourism/digital nomads, heavy regulation, and stagnating economies.
Many European countries are really in a bind...they need tourism and the almighty dollar to bring money to their countries, but then housing prices go up.
On the other hand, mass immigration of low-wage workers, many of whom use public housing, creates a shortage there. (I'm not getting into an argument about immigration being good or bad, it is a statement of fact.)
My very humble opinion is- build, decrease transfer taxes (for God's sake), and limit rental properties/long term rentals.