Investing in rental properties in resorts requires careful consideration due to new EU regulations that will restrict short-term rentals in residential buildings.
The article discusses the implications of new European Union regulations that Poland must implement by May, which will significantly limit short-term rentals in residential buildings. These regulations require that such rentals be registered and empower local municipalities to create zones free from short-term rentals. Additionally, severe penalties will be enforced for non-compliance, posing a risk to current rental property investors in popular vacation spots.
Kamil Krzyżanowski, the CEO of Renters.pl, suggests that while investing in holiday properties still has merit, it is no longer a viable option for everyone. He emphasizes the need for potential investors to exercise caution due to the changing landscape of short-term rental markets, suggesting that only those who can navigate the evolving regulations and market conditions will succeed.
The Ministry of Sport and Tourism is pushing for specific zones within municipalities to be designated as free from short-term rentals, while the Ministry of Development discusses regulatory changes affecting the construction of buildings on service land. These changes include restrictions on the construction of micro-locals, defined as units smaller than 25 square meters, which could further impact the short-term rental market.
