Concern over Airbnb on London housing

An MP has written to the Mayor of London, Sadiq Khan, raising concerns over the effect short-term lets regulations are having on the London property market.

In his letter, Iain Wright MP, who is chair of the Business, Innovation and Skills select committee, draws attention to investigations into Airbnb and similar websites which found that landlords are letting properties via these platforms for more than 90 days a year.

In 2015, short-term lets in the UK were deregulated. Property owners are now allowed to rent out their premises without asking for permission as long as it is for fewer than 90 nights each year.

Wright says that many of these investigations concluded that the new rules are unenforceable.

The MP for Hartlepool says his committee’s recent research into the digital economy found that while sites like Airbnb give homeowners the platform to ‘unlock economic value’, ‘extensive use’ of these sites by professional landlords is contributing towards driving up property prices.

The letter also draws on concerns raised by the British Hospitality Association (BHA) that Airbnb-style lets allow landlords to circumvent tax, food, health and fire safety regulations.

Wright’s letter challenges the Mayor for his views on the situation:

“Although I understand that enforcement of the 90-day rule is the responsibility of individual London councils, I would welcome your own assessment of the impact of companies such as Airbnb on London and your views on whether the existing law should be amended.”

The letter was copied to the London Councils umbrella body, the BHA and Airbnb.

Earlier this month, Airbnb responded to claims made by the Residential Landlords Association, claiming the landlord body had used ‘misleading research’.

Back in May, landlords in Berlin were banned from using Airbnb to let complete apartments or houses in the German capital.

Tax saving guides – Property, Inheritance, Income
Save £1000s on your mortgage
Save over £500 on Gas and Electric
Free Unlimited Broadband

Written by: Houseladder