On November 7, the National Assembly adopted the so-called “anti-Airbnb” bill aimed at encouraging property owners to rent their accommodation for long periods, rather than furnished tourist accommodation. Reduced tax relief, DPE constraint or reduction in the maximum number of rental days, this law affects all municipalities in town and in the mountains.
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What repercussions will the new “anti-Airbnb” law have on the real estate market in the city and in the tourist area of the Mountains? We took stock of the town of Cauterets in the Hautes-Pyrénées and that of Toulouse.
Modern and comfortable, an apartment very popular with vacationers. Eric Lestable takes care of welcoming the tenants: “We have a large, fully equipped kitchen which opens onto a beautiful living room”confides the rental company. This vast apartment is designed for 6 to 8 people.
Key boxes are multiplying in all tourist places.
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© FTV
Eric Lestable collects rents paid on a famous rental platform. He manages dozens of apartments but fears the effects of new legal provisions applicable to furnished tourist accommodation.
“There will definitely be an impact”admits the manager. “There will be certain people who will stop renting because it will be less advantageous. There will be many more constraints than advantages. So, they will stop renting. We have a problem with year-round housing in our mountains. But removing tourist beds will not necessarily put them back on the local market.”
Maintaining a permanent population, Cauterets' number one problem. The city has lost 20% of its inhabitants in 10 years. Certainly, the village has more than 20,000 beds but barely crosses the 800 inhabitants mark. The Mayor is also relying on the new law to facilitate permanent housing.
“On our local town planning plan, which is currently being revised, we will be able to dedicate certain areas to permanent housing and others to tourist housing.says Jean-Pierre Florence, the mayor of Cauterets. “And that’s important in order to be able to signpost and target areas and allow people who come to work to be able to live there.”
The problem is the same in the regional capital. In Toulouse, key boxes are multiplying. More than 5,000 accommodations are dedicated to tourist rentals in the Rose City. Average rental price: 59 Euros/day. Much more profitable than a traditional rental for the owner of the property.
Read: Airbnb: in Barcelona, the owners' response against the planned end of furnished tourist accommodation
“This has restricted the supply of housing for those who live there”recognizes Jean-Luc Moudenc, the mayor of Toulouse. “In a context that is already very tense, we are experiencing a real estate crisis. It is certain that this vector makes things worse. So the bill that was adopted makes it possible to regulate and calm the subject in the general interest.”
These new legal provisions, under discussion for months in Parliament, find a concrete outcome with the agreement concluded between deputies and senators.
