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Good news for Airbnb in South Africa
Cape Town is increasing the supply of dwellings in the city to address its lack of affordable housing, a problem that has been attributed to Airbnb. This resulted in significant criticism of the short-term rental platform.
News of Cape Town's plans to develop more housing comes after mayor Geordin Hill-Lewis said the best way to deal with rising rental costs is to regulate the supply side of the problem rather than the demand side.
Cape Town is increasing the supply of dwellings in the city to address its lack of affordable housing, a problem that has been attributed to Airbnb. This resulted in significant criticism of the short-term rental platform.
News of Cape Town's plans to develop more housing comes after mayor Geordin Hill-Lewis said the best way to deal with rising rental costs is to regulate the supply side of the problem rather than the demand side.