Airbnb claims no link between short lets and housing crisis

Airbnb claims no link between short lets and housing crisis


Todays other news
The proposal comes ahead of next month's Budget...
It has eight gaps it says need filling...
41,483 BTL companies were set up in the first eight...
It's happening at a university campus in late October...


Airbnb’s general manager is claiming that there is no fact-based evidence to link the proliferation of short lets across the UK with any apparent housing shortage.

Advertisement

Amanda Cupples, general manager of Airbnb Northern Europe, has told members of the House of Lords that she would welcome a short lets host registration scheme and the collection of more data to allow informed decisions by the short lets sector and policy makers.

Advertisement

But for the moment she insists: “There is no evidence base that has drawn any link whatsoever between short term accommodation and housing scarcity.”

Advertisement

In an appearance before the Built Environment Committee of the House of Lords, which is holding a special investigation into short lets, Cupples insisted that short lets were a vital part of broader economic recovery from Covid, allowing those living outside cities and away from their offices to have one or two nights accommodation per week near their workplace.

In addition, she repeated previous Airbnb claims that short lets contributed some £5 billion to the UK economy, most of it being spent in local economies by hosts “who are real people.”

Advertisement

She told Peers that eight out of 10 Airbnb hosts had only one property listing – which may be their principal home or their second or buy to let property – and that on average hosts let for three nights per month, securing around £6,000 per year in total from rent.

Cupples also played the cost of living card, saying that many of those hosts used the £6,000 not for ‘extras’ but to make ends meet in a time of high inflation.

Advertisement

 

When questioned by Lord Best – the peer who has decades of experience in the rental sector and who led the working party into the Regulation of Property Agents – Cupples criticised the kind of survey undertaken by Tory MP Selaine Saxby.

She represents a west country constituency and published a survey claiming that 360 properties in her area were available to let on Airbnb while there was only one long term property available for rental on Rightmove.

Cupples claimed such a survey was “inherently flawed” because while the property for long term let was likely to be a whole apartment or house, those on Airbnb could be barns, annexes, individual rooms, or even yurts.

She said it was “a bit dangerous to cherry pick” that way.

Also addressing the committee was Merilee Karr, the chair of the UK Short Term Accommodation Association, and Fiona MacConnacher, the public affairs manager of Booking.com.

 

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Landlord Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Miniature houses with property tax crossword tiles on wooden surface.
The proposal comes ahead of next month's Budget...
Warning sign with exclamation mark for property safety alert.
It has eight gaps it says need filling...
Business professionals clapping at Landlord Today event in a conference room.
Stressful woman overwhelmed by bills and financial paperwork at home.
The saga took place over 10 months in Surrey...
The figures come from lenders' trade body, UK Finance...
Tenants are increasingly discerning, claims the agent...
A prominent agent says he’s expecting a “significant shift” in...
Recommended for you
Latest Features
Buy to let will look very different, very soon...
The government is attempting to make leasehold enfranchisement simpler...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.