May 3, 2016
Berlin, the capital of Germany, has become one Europe’s hottest city destinations of late. This may sound obvious, except when you consider that in the space of eight years, the city saw a increase of 13 million overnight visitors, totaling 30.2 million in 2015. As a result, many local residents sought to cash in on the tourism bandwagon: they list their properties through the popular renting site, Airbnb, as well as other online platforms. During this period, rents in Berlin rose 56 percent (from 2009-2014). While this may be good news for those renting their property, German authorities have been worried that the process is putting the supply of housing—especially affordable housing—in jeopardy….
Source: http://archpaper.com/2016/05/berlin-restricts-airbnb/
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