Israel’s economic capital, Tel Aviv, announces plans to raise taxes for short-term accommodation provided by services like Airbnb to match an increase in long-term rentals.
“The aim is to create an equilibrium” between tourist accommodation and long-term rentals, the Tel Aviv municipality says in a statement.
Several cities, including Paris, Berlin and Amsterdam, also have taken steps to regulate services like Airbnb, which offer short-term accommodation to tourists, mainly.
In October, Ireland announced plans to rein in popular short-term rental services such as Airbnb — whose European headquarters are in Dublin — in a bid to address a historic housing shortage.
The Tel Aviv municipality did not say by how much it would increase property taxes or when the new policy would take effect.
— AFP
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