a
Print
version

European lawmakers have agreed on a draft regulation for data collection and sharing for short-term rental services

  • 11
The landlords and online platforms will have to send monthly reports to the authorities.

What has happened? European regulators have agreed on a draft regulation for data collection and sharing for short-term rental services. 

Details. The new rules bring in unified registration for hosts and short-term rental properties, as well as the provision of a unique registration number that will be displayed on websites and platforms selling the properties. The main idea is to improve the collection and exchange of data from hosts and platforms.

 The plan is to use the data to add to existing tourism statistics and help administrations across the European Union to combat fake listings. Regulators also agreed to align the rules with relevant provisions of the Digital Services Act.

The conditions for owners and intermediary sites include submitting activity data to the authorities every month, while small and micro online short-term rental platforms are only required to submit the data every quarter.

Earlier this year, regulators agreed on a common approach to collecting and sharing data from short-term accommodation platforms such as Booking.com, Airbnb, Tripadvisor and Vrbo.

Context. Europe has seen a boom in short-term holiday rentals in recent years and now accounts for almost 25% of total tourism accommodation in the region.

Please read also: The short-term rental sector in the EU has strengthened by 50% over the year

Source: Phokus Wire

Photo by Guillaume Périgois on Unsplash

Quoting conditions of Prian.info materials

Share the link:
Tags: Rent, Market Analysis, Investment, Real Estate

Read also

Italy is going to follow Portugal’s example in weakening the special tax regime
The quick overview of the new requirements and main changes for the applicants
Spain urges to deal with the problem of squatters
Currently the length of time that property owners in Spain have to wait for a ruling to evict...
The parliament of Cyprus has passed the law for a reduced VAT on first homes
Some deputies have noted pressure from the EU.
Bulgarian cities with the most significant increase in housing prices since 2015 have been revealed
The capital is leading the way.
Cyprus is reducing the frequency of property valuations
This means that the property value for taxation purposes will be updated less frequently.
There's a significant gap between the asking and actual prices of real estate in Attica
In some cases, it reaches almost 50%.

Interesting to read