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The real effect of vacation apartments in Paris

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There was an informative segment on France2 last night about AirBnB's effect in Paris, including the information that last year, there were more apartments in the Marais rented through AirBnB than there are actual residents living in the 3rd and 4th arrondissement combined.

The owners or managers who were interviewed admitted that they did not declare or pay taxes on their rental income, and didn't have any problem with that until or unless they got caught. They weren't pleased that AirBnB now requires them to collect hotel tax, because this makes them more visible to the authorities. There are several "concierge services" representing absentee owners (many of whom own multiple properties) who would rather not deal with renters, and who are paid 20% of the rental fees. The concierge service is a legitimate tax-paying business, and isn't worried about representing illegal rentals, since any fines or interdiction to rent will be the owners' concern. Two representatives of the Mayor's office were shown entering an apartment and interviewing a British family, and their report was added to the dossier of an owner illegally renting multiple properties. Though only 120 apartments were taken off the market in 2015 by the Mayor's office, the investigations are on-going.

This article contains some of the same information. It's very interesting to "animate the reviews", which shows the astounding growth of this industry, especially in the "Temple" and "Hotel de Ville" areas. It is easy to understand the frustrations of people who want to live and work in Paris, and who are not able to do so because of the development of the illegal vacation rental industry.
http://insideairbnb.com/paris/index.html?neighbourhood=Temple&filterEntireHomes=false&filterHighlyAvailable=false&filterRecentReviews=false&filterMultiListings=false

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