The authorities are implementing a complete database of temporary rental flats aimed at combating illegal rental businesses.
New rules
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The EU: On February 29, 2024, the European Parliament adopted new rules on how to collect and share data on short-term rental services aimed at increasing transparency and protecting consumer rights in the short-term rental sector. These rules will come into effect two years after publication in the Official Journal of the EU.
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Italy: On January 1, 2024, Law No. 213 of December 30, 2023, came into force, amending the rules on short-term rentals and taxation. For owners renting out two or more properties, the flat-rate income tax has been increased from 21% to 26%.
Database creation
On June 3, 2024, the piloting of the National Database of accommodation facilities and properties in short term rental and for tourism purposes (BDSR) began. The goal of the database is to enhance market transparency and combat illegal rentals. BDSR will enable municipalities to track rental listings and impose penalties on those who are not registered.
Market Trends
- There are 9.6 million unused second homes in Italy that can be used for short-term rentals.
- Of these, only 640,000 are placed for short-term rental via online listings
- There is potential to increase the supply of short-term beds by 2.5 million beds.
- The majority of short-term rentals (96%) are in the hands of private owners.
Forecasts
The short-term rental market in Italy is expected to continue to grow in 2024, especially due to the summer tourist season.
The new rules and database should increase market transparency and make it fairer for all participants.
Source: Idealista
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