A downtown neighborhood in Budapest, Hungary voted this week to ban Airbnbs. ZoltanGabor/Getty ImagesResidents of one Budapest neighborhood have voted to ban Airbnb-style rentals.The new law will need to be ratified by Parliament and wouldn't go into effect until 2026.As other European cities crack down on short-term rentals, it's a rare example of citizens directly voting to do so.Residents of a bustling neighborhood in downtown Budapest, Hungary, have voted to ban Airbnb-style rentals.The move comes as a growing list of European cities have cracked down or plan to levy restrictions on short-term vacation rentals.Terézváros is a historic district in the Hungarian capital known for its dining, nightlife, and entertainment options — one strip of theaters is dubbed "Budapest's Broadway." It's also home to Heroes' Square, an iconic Hungarian monument and plaza that has hosted important political events.About 6,000 of Terézváros' residents turned out over two weeks to vote in a referendum, with over 54% supporting the ban on short-term rentals, according to the district's official Facebook page and local news reports.
Comment on Residents of one European city just voted Airbnb out of their neighborhood
dlatu@insider.com (Dan Latu), Business Insider
Sat, 09/21/2024 - 2:07am
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