Budapest is the latest in a string of European capitals to impose restrictions on Airbnb rentals, which are largely held responsible for the overtourism problem major European cities have been experiencing since the home-sharing platform launched in 2008.
The Hungarian capital approved new legislation on Tuesday that will help limit the number of days hosts in Budapest are allowed to rent out their properties. Lawmakers hope that increased regulations will curb the skyrocketing housing costs that are displacing locals, as well as the overwhelming nightlife in the city center. Establishments in the city’s party district will also be held to stricter standards, such as not being allowed to stay open past midnight.