Properties to let in Richmond, North Yorkshire


Airbnb Offers Less Protection to Renters and Inflates Rental Prices

  • 18 November 2016
  • Number of views: 1766
Airbnb Offers Less Protection to Renters and Inflates Rental Prices

A recent BBC article has raised concerns at the number of landlords taking their properties off of the open market and listing them instead on websites like Airbnb.

This current trend, according to the Residential Landlords Association RLA, could lead to a shortage of rental properties available and further ignite the housing shortage.

This issue is something that could also lead to inflated rental prices, particularly in areas like London.

The report by the RLA found that 41% of properties advertised in London on Airbnb were multiple listings with the owners advertising several properties. This is mainly due to the tax advantages to land lords renting out short term holiday lets as opposed to long tenancy agreements.

The RLA also raised concerns that landlords are opting to advertise on sites like Airbnb to avoid the stringent planning regulations in place to ensure the safety of tenants in long term rental properties.

RLA policy director, David Smith, also noted that the use of Airbnb is putting tenants in a vulnerable position without the protections offered by a tenancy agreement.

This has led to other European countries like Germany imposing stricter rules, with authorities in Berlin limiting Airbnb users to advertising rooms to let rather than whole properties.