Cities could curb vacation rentals and purchases of homes for tourist accommodation in areas facing housing shortages; Airbnb says Europe needs more housing, while the proposal still requires approval from EU lawmakers and member states

The bloc’s new Affordable Housing Act will give local and regional governments legal cover to curb tourist flats.

The European Commission is to lay out conditions under which local authorities can limit short lets, as part of an " affordable housing" package that seeks to address what EU…