INTERNATIONAL - Ireland will tackle a severe housing shortage in booming cities such as Dublin by regulating short-term lettings and home-sharing sites such as Airbnb, housing minister Eoghan Murphy said on Thursday.
Like many countries around the world, Ireland is grappling with the effect that the rising popularity of home sharing is having on tight housing supply - particularly the falling number of properties available for longer-term rental - a decade after the bursting of a housing bubble.
Although Ireland was left with a surplus of houses after the 2008 crash that halved values, homes have become especially scarce as the economy and population grow faster than anywhere else in the EU.
The new regulations, which are similar to those introduced this year in Toronto, will come into effect from June and aim to discourage professional landlords from withdrawing their properties from the long-term rental market in favour of short-term arrangements.
Other cities, including Berlin, Barcelona and Paris have also taken steps to limit the number of properties being used for short-term rentals, with the practice pushing up longer-term rents and pricing out local people.