Is Airbnb legal in Cannes?

Overview of Airbnb Regulations in Cannes

Cannes, a popular tourist destination in France, has relatively lenient regulations governing Airbnb rentals, making it an attractive location for both hosts and travelers. As of September 2024, there are approximately 8,326 active Airbnb listings in the city, reflecting a healthy demand for short-term rentals.

Legal Framework:

1. Rental Duration Limits: For primary residences, hosts are permitted to rent out their property for a maximum of 120 days per year. This limitation helps to ensure that residential properties remain available for local inhabitants.

2. License Declaration: Although many hosts are required to declare their rental to the municipal government, enforcement seems lax, as few listings display license numbers. This suggests that the local authorities may not be strictly monitoring adherence to the regulations.

3. Reporting Obligations: Hosts must report rental income on their annual tax returns, categorized under Industrial and Commercial Profits (BIC). However, those renting out rooms in their primary residence are exempt from some registration and taxation requirements.

4. Special Exemptions: Rentals under the "bail mobilité" scheme, designed for individuals in professional training or temporary assignments, are not subject to the same regulations, allowing for leases longer than a month without the usual restrictions.

Market Statistics:

• The average daily rate for an Airbnb listing in Cannes is €132, with a median occupancy rate of 51%. This suggests a strong rental market, particularly during peak seasons like August.
• A typical Airbnb host in Cannes earns an annual revenue of approximately €25,000, indicating that short-term rentals can be a lucrative venture.

Conclusion

Overall, the regulatory environment for Airbnb in Cannes strikes a balance between allowing hosts to capitalize on the tourist influx while undertaking minimal oversight to maintain community standards. Potential hosts should remain informed about both local regulations and market conditions to optimize their rental strategies.