Everyone said 20 May was the day Europe's "wild west" of short-term rentals ended.

Less than two weeks in, the first city to actually pull listings didn't touch the new EU rules.

Porto cancelled 1,413 licences. Roughly 13% of its entire registered stock.

The trigger? Not a night cap. Not a ban. Not the EU's new data system.

A missing insurance document.

🔻 1,413 AL registrations cancelled no proof of civil liability cover filed 🔻 50–60% sit in the historic centre, where they can NEVER be reactivated 🔻 The EU "mega-regulation" had nothing to do with it

So who actually loses?

Not the platforms. Not the professional manager with clean files.

The casual host who let a document expire.

This isn't a war on short-term rentals. It's a clear-out of the amateurs and the pros just inherited the supply.

Is your compliance file audit-ready? Or are you one missing PDF from a permanent cancellation?