Cape Town residents are growing increasingly impatient with the lack of government regulations on Airbnb , as they feel they can no longer afford to live in the city. Cape Town has one of the most Airbnb listings in the world, which is great for the economy and tourism. However, it has become a problem for those locals struggling to cope with the lack of affordable accommodation.
Locals have taken to Reddit to air their grievances: @AnonomousWolf I feel a vacancy tax would help Cape Town. Many cities across the world charge landlords fees for having their houses stand empty, it makes the city more affordable for locals. And ensures the land is actually used to its potential.
@PimpNamedNikNaks There were at least three hosts in the City of Cape Town area with listings ranging between over 120 and 130 listings and four hosts with listings ranging between 95-98. Damn bro people playing monopoly out here @dylmcc If they were priced for locals, it would be awesome to be welcome so many of our fellow countrymen to our awesome city to come and enjoy it. But if you look at listing prices in Cape Town and pick cities in Europe/Aus/USA they're not that far off? Why - they're targeting foreigners.
Locals are generally priced out. If you compare Cape Town AirBNB prices with "normal" hotels (not crazy 5***** places) you'll usually see you get more bang for your buck in a hotel. According to a tourism white paper, appropriate regulation of short-term rentals, including strict regulation of.