In the News
Airbnb's impact on UK housing market

26th October 2017
BBC Newsnight analyses the impact of short-term letting apps such as Airbnb. The impact stretches well beyond London to cities such as Manchester and Edinburgh.
TONIGHT: @davidgrossman reports on the Airbnb phenomenon and its impact on the UK housing market – 22:30 on BBC Two pic.twitter.com/msuuc4r7sb
— BBC Newsnight (@BBCNewsnight) October 23, 2017
The main argument is that the Airbnb effect is taking properties out of the local rental sector. And some neighbours fear a loss of security as numerous homes are let out to fleeting guests for a few days. How would you feel if a hotel appeared next to your home?
A number of businesses now run multi-home listings on AirBNB - effectively they are becoming chains of hotels albeit without the tougher regulations that hotels must meet.
Buy-to-let seems to be subsumed by rent-to-let as people respond to above average returns from the holiday-let market. People are legally allowed to sub-let a property for up to 90 days per year without breaching planning controls.
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