Tighter restrictions on short-term rentals have failed to significantly increase housing availability or reduce rents in European cities where they have been imposed, an industry group said Thursday.

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…

European cities will gain more leeway to curb short-term rentals such as Airbnb under new EU plans that aim to bring down housing costs in tourism hotspots.