Reading Time: < 1 minuteUS: Mayors from northern Arizona are advocating for increased local authority to regulate short-term rentals in their communities.
They argue that current state laws limit their ability to address issues such as housing shortages and neighbourhood disruptions associated with the proliferation of short-term rentals.
In 2016, Arizona passed legislation that restricted cities and towns from prohibiting or regulating short-term rentals, aiming to promote tourism and property rights. However, this has led to concerns among local officials about the impact on housing availability and community culture.
At a forum that took place in February, mayors from across several northern Arizona counties discussed the impact of the law, linking it to wider challenges spanning healthcare and education. The mayors are seeking amendments to state laws that would provide municipalities more control over short-term rental regulations.
Short-term rentals have significantly contributed to Arizona’s economy, supporting over 75,000 jobs and generating $6.6 billion in economic activity in 2021. Despite these benefits, local mayors emphasise the need for balanced regulations to mitigate adverse effects on housing affordability and local communities.
[wpts_spin]{Read|See} the {entire|full} article {on|about} rental market trends in Arizona, or, read more news about {Arizona real estate investing|real estate investing in Arizona|real estate investing in Arizona}. We {warmly |}{welcome and |}encourage you to {mention|recommend} our site to your{ circle of|} fellow investors, {letting them |allowing them to }benefit from the valuable{ resources and|} insights we provide. {Thanks!|Thank you!}[/wpts_spin]
