Monday , December 23 2024
Home / le News / Geneva wants to limit Airbnb rentals to 60 days a year

Geneva wants to limit Airbnb rentals to 60 days a year

Summary:
The canton wants the platform to place limits on its use to put the brakes on commercial operators. © Mohamed Ahmed Soliman | Dreamstime.com The 60 day limit was set by Geneva’s State Council. Antonio Hodgers, State councillor in charge of housing told Tribune de Genève that renting on the platform had become a real business for some and that this needs to be controlled. The canton wants to prevent properties being permanently rented via these platforms because it’s reduces the number of available dwellings, something considered unacceptable when there is a shortage of accommodation. The government points out that renting out subsidized housing is strictly forbidden. Those caught can have their leases terminated. In addition, renters are legally required to pay tourist taxes and landlords

Topics:
Investec considers the following as important: , , , , , ,

This could be interesting, too:

Investec writes Federal parliament approves abolition of imputed rent

Investec writes Abolition of imputed rent gets bogged down in complexity

Investec writes Swiss parliament accepts contentious budget

Investec writes Tourism one quarter of Switzerland’s traffic

The canton wants the platform to place limits on its use to put the brakes on commercial operators.

© Mohamed Ahmed Soliman | Dreamstime.com

The 60 day limit was set by Geneva’s State Council. Antonio Hodgers, State councillor in charge of housing told Tribune de Genève that renting on the platform had become a real business for some and that this needs to be controlled.

The canton wants to prevent properties being permanently rented via these platforms because it’s reduces the number of available dwellings, something considered unacceptable when there is a shortage of accommodation.

The government points out that renting out subsidized housing is strictly forbidden. Those caught can have their leases terminated.

In addition, renters are legally required to pay tourist taxes and landlords to declare rental income in their tax returns.

A study by Zurich-based mieterverband.ch estimated that 32% of short-term landlords in Geneva are commercial operators, one of the highest rates in Europe.

Airbnb responded in a press release saying that is was pleased the canton had decided to put in place clear rules on home sharing. It says it wants to work with the authorities to put in place rules that clearly distinguish between professionals and private individuals.

More on this:
Tribune de Genève article (in French) – Take a 5 minute French test now

Facebook and Twitter.

About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to our niche client base.

Leave a Reply

Your email address will not be published. Required fields are marked *