Brussels: Short-term Rentals 'Part of the Problem' As Lisbon Rents Surge 103%'

The European Commission has warned that the rapid growth of short-term holiday rentals is exacerbating housing shortages in popular tourist destinations. In Lisbon, average rents have surged by 103% over the past ten years, making it increasingly difficult for local residents to find affordable housing. The Commission is proposing new rules to increase transparency and data sharing on short-term rental platforms, aiming to help cities regulate the sector more effectively.