Read previewResidents of a bustling neighborhood in downtown Budapest, Hungary, have voted to ban Airbnb-style rentals. The move comes as a growing list of European cities have cracked down or plan to levy restrictions on short-term vacation rentals. The mayor of Terézváros, Tamás Soproni, cheered the vote as a sign that residents were reclaiming the district. There are currently over 15,000 short-term rental listings in the city of Budapest, according to analytics site AirDNA. Terézváros' ban will need to be approved by Hungary's Parliament, but the national government has made it easier for local governments to hold these kinds of referendums on Airbnbs.

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