Residents of Terézváros, a vibrant boulevard in Budapest, have cast more than 6,000 votes to ban Airbnb-style rentals, marking a significant step towards preserving local identity.
Mayor Tamás Soproni emphasized the importance of this vote as a restoration of community rights, stating, 'It is important for them that the district regains its 'residentity.''
Budapest currently hosts over 15,000 short-term rental listings, growing 30% between 2023 and 2024, reflecting increased concerns about local housing.
The upcoming ratification by Parliament underscores a broader trend among European cities, where residents are taking direct action against disruptive short-term rental initiatives.
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