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LISBON (Reuters) - The COVID-19 pandemic has achieved what many mayors across Europe have tried and failed to do: wipe out tens of thousands of Airbnbs from city centres and so help lower rental costs for locals, in some places by as much as 15%.
FILE PHOTO: Augusta street is pictured during partial lockdown as part of state of emergency to combat the coronavirus disease (COVID-19) outbreak in Lisbon, Portugal March 30, 2020. REUTERS/Rafael Marchante
While Europe’s cities have long welcomed tourists, critics say the surge of properties listed on short-lettings site Airbnb in recent years had priced many locals out of their own housing markets, turning historic neighbourhoods into soulless spaces.
Airbnb Hosts Dwindle in Europe Hotspots Amid Tourism Decline
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Pandemic tames Airbnb in Europe s tourist hotspots
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