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AirDNA researchers estimate that short-term rentals were responsible for only 1% to 4% of the increase in housing prices in recent years. Putting more STRs back onto the market won’t move the ...
It was reported that short-term listings on Airbnb generated $85 million in net revenue in New York City alone in 2022. Then, in 2023, the city cracked down on short-term rentals on Airbnb, causing...
While the number of short-term rentals has plummeted, the effect on the housing market is unclear. Airbnb says the ban is too broad and hasn't made housing any more affordable. New York City's ban ...
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels . "Short stay" rentals are an offshoot of the corporate housing market, [ 2 ] and are also offered by private owners and investors via online platforms such as Airbnb .
Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
Short-term rentals are banned in certain parts of the city. [121] Barcelona: Vacation apartments are subject to the highest rate of property tax; platforms must share data with regulators. [122] [123] [124] Berlin: Short-term rentals require permission from authorities. Hosts can rent individual rooms with the condition that they live in most ...
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