Social consultation on Airbnb regulation in the capital is about to begin

By: Trademagazin Date: 2024. 10. 21. 11:27

Within the framework of the New Economic Policy Action Plan, the social negotiation of the Airbnb regulations in the capital will begin, with the goal of ensuring affordable housing, the Ministry of National Economy (NGM) announced to MTI on Monday.

According to the announcement, in order for the Hungarian economy to grow between 3-6 percent in 2025, the government adopted a New Economic Policy Action Plan consisting of 21 measures.

One of the pillars of this is the provision of affordable housing, since creating a home is the most important self-care issue across generations, which is essential for the prosperity of young people and the well-being of families.

The government gave the municipalities the opportunity to deal with the housing crisis in Budapest, but to date – with one or two exceptions – the districts and the capital have done nothing to ensure affordable housing

– they wrote.

In order to deal with the housing crisis in Budapest, the government is significantly tightening the regulation of short-term housing rentals (Airbnb), and the social consultation of the relevant provisions will begin on Monday.

According to the proposed law, starting from 2025, the annual flat tax payable for private accommodation – the amount of which has remained unchanged for 7 years – in Budapest will be quadrupled, i.e. from the current extremely low HUF 38,400 to HUF 150,000 per living room.