Budapest District Votes to Restrict Airbnb Style Rentals

Published on September 16, 2024

Residents of an area of Budapest have narrowly voted to ban Airbnb-style short-term rentals from 2026. The decision, which could have large ramifications on the housing market in the Hungarian capital, one of Europe’s premier tourist destinations, was reached on Monday. Results published on Budapest’s sixth district’s website showed that 54 percent of voters backed the ban, with a 20.5 percent turnout, which the district said was well above levels seen at other local initiatives. Named Terézváros, which means Theresa Town, the sixth district is particularly popular with tourists due to its central location and nightlife. It is also home to the city’s grandest thoroughfare, Andrássy Avenue, which was declared a UNESCO World Heritage site in 2002....

Continue reading on website
Other news

Labor Faces Firefight in Senate Over $32 Billion Housing Bill

September 16, 2024
The Albanese government’s announcement of initial funding rounds for its housing initiatives left Senator Penny Wong with a firefight in the Senate on Sept. 16 during Question Time.On the morning of Sept. 16, Prime Minister Anthony Albanese proposed an initial allocation of $32 billion (US$21.5 billion) for the Housing Australia Future Fund and the National Housing Accord to support the constructi

US Attorney Says Prosecutors Turning Down Some Jan. 6 Cases

September 16, 2024
Federal prosecutors have charged more than 1,500 people in connection with the Jan. 6, 2021, breach of the U.S. Capitol. They could have brought charges in hundreds of other cases but decided not to, the top U.S. prosecutor in Washington has said.Career prosecutors in the U.S. Department of Justice established guidelines shortly after the breach regarding when to bring charges, U.S. Attorney for t