New regulation about Hungarian Airbnb flats on the horizon?
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They can become hybrid accommodation where a tenant lives for 8-9 months while during the tourism season they function as hostels.
According to Forbes, a new era could begin in the sector of Airbnb flats. That is because, based on media information, the government already decided to give the right of regulating the sector to the local governments. As a result, local authorities can even ban this form of real estate rental.
The government will shortly submit the relevant bill,
so the parliament will be able to decide about it during its autumn session. Before, rumour had it that the government would like to limit Airbnb accommodation rentals to only 120 days.
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Based on the data of the AirDNA (the database of Airbnb), those 600 thousand tourists who came to Budapest and rented Airbnb flats added 2 million guest nights and 52 billion HUF (EUR 146.9 million) to the sector. And this data does not include accommodation booked with the help of other websites, for example, booking.com. Thus, Airbnb is important for Hungary, especially in times when tourism struggles with significant problems because of the coronavirus epidemic.
Ingatlan.com, a Hungarian real estate website, says that they can imagine the start of the age of