Damping Demand for Holiday Rentals Not the Silver Bullet for the Housing Crisis, Research Finds
An aerial view of Byron Bay, Australia ,on June 20, 2020. Brook Mitchell/Getty ImagesFewer long-term rental listings available and a 7 percent increase in weekly rent—that’s the outcome of an attempt to make more accommodation available for locals by limiting owners of short-term accommodation to renting to tourists and visitors for a maximum of 60 days a year, according to research carried out for Airbnb.The Byron Shire placed the cap on non-hosted short-term rental accommodation (STRA) in September 2024, in a bid to reduce prices for locals competing with holiday-makers.
Chinese Scientists Flagged Glacial Flood Danger One Year Before Nepal Catastrophe
More than a year before the catastrophic flash flood devastated the China–Nepal...
Iceland Focuses on Security Partnerships After Voters Reject Opening EU Membership Talks
Icelandic Minister for Foreign Affairs Thorgerdur Katrin Gunnarsdottir attends a press conference...
Italy, Spain Extend Tit-for-Tat Border Curbs After Ceuta Illegal Immigrant Crisis
Immigrants gather on a hill as they attempt crossing from the border...
Vaccine Maker Halts Trial on mRNA Cancer Shot
A pharmacist administers the Pfizer-BioNTech vaccine in Los Angeles, Calif., on October...
