New Airbnb Rules Set to Benefit Many Sectional Title Schemes: [an extract from an article by: Andrew Schaefer, MD property management company Trafalgar – 30 January 2025]
Dozens of cities around the world – including Amsterdam, Barcelona, Berlin, London, New York, Rome, San Francisco and Vienna – have already banned or imposed severe restrictions on Airbnb letting activity, and Cape Town and other SA cities could soon follow suit in response to new regulations for short-term letting that are currently being finalised by the Department of Tourism.
This is likely to bring about major changes in both buy-to-let investment activity and residential property letting in these cities.
… Schaefer notes, the new policy could also bring significant relief to the trustees and directors of the many Sectional Title (ST) and other community housing schemes that have been battling to change their conduct rules in the face of stiff opposition from the owners in their schemes who are exclusively letting to short-term tenants…
The Original Full Article can be Viewed here → New Airbnb Rules To Benefit Sectional Title Schemes