WASHINGTON (dpa-AFX) - Home-sharing site Airbnb has limited the number of days people can rent their extra rooms in London and Amsterdam.
Airbnb has now placed new restrictions on London and Amsterdam listings, where homeowners can rent their places to visitors for not more than 90 and 60 days a year, respectively.
Although, the local law in those cities already had those limits, city authorities were not able to implement them easily. However, the company's decision will help the regulators in the cities to enforce those law and help struggling long-term residents to find homes and apartments.
Rent's and home prices in London and Amsterdam have rose sharply over the past few years.
'The new measures are an example to the world and demonstrate the positive results that can be achieved when policymakers and Airbnb work together,' James McClure, Airbnb general manager for Northern Europe, said in a statement.
Copyright RTT News/dpa-AFX