No Grandfathering
Brussels published the Affordable Housing Act yesterday. The most important line in it is not about caps.
Article 3(1): short-term rental restrictions taken on housing affordability grounds "shall not be subject to Directive 2006/123/EC, including the notification obligation laid down in Article 15(7)".
That notification duty is what puts a proposed restriction in front of the Commission before it takes effect. On affordability grounds, it is gone.
What replaces it is a real test. A city has to show a price-to-income ratio of 8 or higher, that ratio rising across 10 years, and that short-term…
The skinny
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