Paris is a city which is incredibly popular throughout the world, and that has contributed massively to the growth of Airbnb there. For instance, there are more active listings in Paris than anywhere else in the world. Impressive, neh?
There are over 60,000 listings and approximately 86% of those are people renting out entire properties and not just rooms. As a result, Paris has seen a huge drop in their own rental market, with around 20,000 apartments exiting the market since Airbnb has been operating there.
The laws in Paris were very friendly towards Airbnb hosts, with the Bill ALUR – national housing law approved by President of France in 2014 – allowing people to rent out their home without seeking permission from local authorities. Although, the owner must live in that property for more than 4 months out of the year to make it legal. If the owner doesn’t, then they must rent out the property for at least a year, otherwise it’s illegal.
However, Paris officials predict that approximately half of Airbnb hosts continue to rent out their property even when they haven’t acquired authentication as being a commercial property. If they’re caught, they could face a fine of up to €25,000.
And in 2017 Paris authorities have rolled out a new rule forcing people renting out their properties on Airbnb to first register it with the City Hall.