“The rise of B&B and holiday homes has had a significant impact on the housing emergency. In cities with a tourist vocation, more than 15% of homes are intended for short-term rental. More than 50 thousand students are affected by the housing shortage in metropolitan cities, not to mention the homeless. We need to regulate this phenomenon, providing for a maximum number of days per year for the use of housing intended for this purpose and incentives for long-term rentals with a revamp of the regulation of public residential buildings, favoring the less well-off and young couples”. . The statement was made by Giovanni Todde, notary and president of the Center for Economic Studies, during the press conference “Housing emergency in metropolitan cities”, which took place in the Caduti di Nassirya room of Palazzo Madama, with the help of Ciro Di Pietro, head responsible for restructuring.
The call for the government to commit to this issue was launched by senator Luigi Nave (M5s): “We are talking about this issue precisely at the moment when the ‘save Milan’ plan is approved. The government must commit to combating the housing emergency instead of safeguarding speculation in the construction sector, supporting young people, large families and the least favored”. Amedeo Di Pietro, lawyer at the Supreme Court and president of the National Law Observatory, spoke about the need to regulate the sector: “We ask the legislator to regulate the issue of short-term rentals, overcoming the regulatory uncertainty relating to this type of contracts that they involve important critical issues to the detriment of families and students, with continuous phenomena of exodus to the outskirts, in addition to having strong repercussions on the actions of the courts”. The legislative analysis of the phenomenon was entrusted to Fulvio Baldi, deputy attorney general of the Court of Cassation: “Short-term rental is preferable to long-term rental for reasons that concern payments, the state in which the property is located and the length of time for those who are late. We need to act on these points to rebalance the use of housing.”
Illustrating what happens in other EU countries was lawyer Danilo D’Andrea, national advisor to the Union for Justice: “Since 2017, a maximum limit of 120 days has been imposed in Paris, beyond which it is mandatory to change destination with mandatory use . much higher tax rate. In Barcelona, more than ten thousand licenses will be eliminated by 2028 to free up as many apartments as possible for families and students.” For Renato Burigana, president of Commercialisti Network Professionale: “We need to diversify taxation between short and long-term rentals, creating greater availability of properties on the market; encourage renovations in properties intended for long-term rentals, as well as the possibility of reviewing tax exemption limits for rentals.
Source: IL Tempo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
