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The French government announced plans on Thursday to clamp down on Airbnb, saying it would fine the home-sharing giant for carrying ads from people who do not register their properties with local authorities.

Paris is one of Airbnb’s top markets, with some 65,000 homes listed.

Another 35,000 are available on rival platforms.

Faced with complaints from hoteliers as well as locals who believe that holiday rentals are fuelling property speculation and pricing them out of the market, the city of Paris has already slapped restrictions on short-term rentals of apartments and rooms.

“Home-sharing platforms are good because they allow people to increase their purchasing power and visit cities at a lower cost,” Julien Denormandie, the junior minister responsible for housing, told France 2 television

“But there are rules. It’s now the law of the jungle.”

Since 1 December, anyone wanting to rent their French home on an online platform must register it and display a number on their ad.

The system allows authorities to ensure the property is not being rented for more than 120 days a year — the maximum duration a person can rent out their main residence — and also ensure they are paying their taxes. Read More …

 

 

The French government announced plans on Thursday to clamp down on Airbnb, saying it would fine the home-sharing giant for carrying ads from people who do not register their properties with local authorities. Paris is one of Airbnb’s top markets, with some 65,000 homes listed. Another 35,000 are available on rival platforms. Faced with complaints from hoteliers as well as locals who believe that holiday rentals are fuelling property speculation and pricing them out of the market, the city of Paris has already slapped restrictions on short-term rentals of apartments and rooms. “Home-sharing platforms are good because they allow people to increase their purchasing power and visit cities at a lower cost,” Julien Denormandie, the junior minister responsible for housing, told France 2 television