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In Budapest, Hungary I can see a rise in prices from 250 EUR/month to almost 350 EUR/month for the same flat in the last 2 years thanks to Airbnb. What happens
by edem 10y ago
In Budapest, Hungary I can see a rise in prices from 250 EUR/month to almost 350 EUR/month for the same flat in the last 2 years thanks to Airbnb. What happens here is that most property owners realized that they can make more money by renting their flat (not just a room) instead of underleasing it. This leads to a LOT of people hopelessly scrambling for flats to rent because there are not a lot of new flats being built. Basically tourists are taking away flats from people who are trying to live in the city. This is horrible IMHO. I hope that the government will assess brutal taxes on Airbnb to make it useless or otherwise a lot of people will either become homeless or are forced to return to the countryside.