Starting May 1, 2016, a new law in Berlin, Germany entitled “Zweckentfremdungsverbot” officially banns the renting of entire apartments to tourists without a permit from the city.
Government officials have said that this law is designed to protect affordable housing within the city. By deterring the renting of apartments on Airbnb and other competitors, Berlin officials are hoping to keep rent as low as possible. Fines for renting out to tourists can be as high as €100,000!
The original law was passed in 2014, but had not been put into effect during a transition period, which ended yesterday. Over the past month, with the new law about to be implemented, Airbnb listings in Berlin fell by over 40%.
What are your thoughts on this law?