Business · Companies · 13 hrs ago

Turin falls outside EU housing-stress criteria despite local rent pressures

Turin falls outside EU housing-stress criteria despite local rent pressures

The European Union is considering criteria to identify cities under housing stress, which could determine where measures in its proposed Affordable Housing Act apply.

Turin does not meet the proposed criteria: its home-price-to-income index is 6.38, below the threshold of 8.

Housing remains difficult in parts of the city, and in some areas rent for a three-room flat exceeds half the average salary.

Airbnb listings have risen 49.9% since 2017, adding 11,700 tourist beds.

Turin’s deputy mayor for urban planning says the city’s new planning plan will limit tourist rentals and block new ones in specific areas.

The restrictions are still awaiting approval, while the city has already raised the overnight tourist tax for B&Bs from €2.30 to €3.80.

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What people are saying

Paolo MazzoleniTurin Urban Planning Councillor
If today we apply those criteria, Turin does not appear among the cities concerned.
via Corriere della Sera
This tells us that the housing problem has a different nature in different cities.
via Corriere della Sera