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New penalties for empty apartments in Landau: What owners now have to consider
According to a report by amp.focus.de, the Landau city council has decided that owners who leave their apartments empty for more than six months and do not rent them out will have to pay a fine in the future. These new statutes will come into force on January 1, 2024 and will initially apply for five years. The operation of AirBnB as a holiday home is also regulated. This new regulation is expected to have an impact on the real estate market in Landau. Penalties for vacant apartments and the regulation of AirBnB operations will increase the supply of rental apartments. This could lead to a reduction in rental prices as more apartments on...
New penalties for empty apartments in Landau: What owners now have to consider
According to a report by amp.focus.de, the Landau city council has decided that owners who leave their apartments empty for more than six months and do not rent them out will have to pay a fine in the future. These new statutes will come into force on January 1, 2024 and will initially apply for five years. The operation of AirBnB as a holiday home is also regulated.
This new regulation is expected to have an impact on the real estate market in Landau. Penalties for vacant apartments and the regulation of AirBnB operations will increase the supply of rental apartments. This could lead to a reduction in rental prices as more apartments become available on the market.
On the other hand, the new statute could also lead to some owners renting out their apartments instead of leaving them empty. This would in turn lead to increased competition among landlords, which could lead to a stabilization of rental prices in the long term.
Overall, the new statute is expected to help improve the housing situation in Landau by making more housing available on the market and potentially stabilizing rental prices.
Read the source article at amp.focus.de