Hungarian Plan to Tighten Airbnb Rules to Focus on Budapest – BNN Bloomberg

(Bloomberg) — A Hungarian plan to restrict short-term rentals will be focused on Budapest, with the aim of easing a housing crisis in the capital.

Rental costs have soared in Budapest in part due the prevalence of short-term accommodations such as those advertised on Airbnb Inc. and Booking Holdings Inc. That has had a cascading effect on property prices, which almost quadrupled over the past decade in the capital.

“The government sees a review of Airbnb rules as a priority for housing,” the Economy Ministry said Monday. “Hence the government only wants to tighten short-term rental…