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Something feels very wrong here...
It is a tourist city after all. And the article states "The city’s main tourist accommodation sector, almost twice the number of hotel accommodations".
New regulations outline that holiday homes cannot exceed more than 2 percent
Why are they fighting reality?
The last thing you'd want is for your city to become a tourist city. Nobody wins except for property owners to who can make more money renting their apartments to tourists than to locals, and shop owners who can charge abhorrent prices for basic groceries because tourists don't know any better.
Ask the people of Prague and Barcelona. There's a good video by the Honest Guide on how Prague 1 became a sort of "theme park" for tourists, and is absolutely unliveable for people from Prague
I would imagine it’s the pain for locals where housing costs a fortune and the city becomes a ghost town out of season.