Will the new Short-Term Rental Ordinance change the Downtown Charleston Real Estate Market?
As of July 10, 2018, the City of Charleston's new short-term rental ordinance goes into effect. After a proliferation of illegal rentals marketed via platforms like AirBnB and HomeAway, the City and neighborhood groups decided a set of rules and a structure to manage and monitor them would be beneficial to most who live here. I for one am glad. The term illegal seems a bit harsh, but the truth is, only a handful of properties in Downtown Charleston have been legally permitted for short-term rentals for years -