x
By using this website, you agree to our use of cookies to enhance your experience.
Graham Awards

TODAY'S OTHER NEWS

Study reveals number of Airbnb-style short lets in London

Research by a rental platform suggests there are currently over 65,000 short let properties being advertised in London alone.

The platform, Rentd, says there are some 66,641 short-term rentals currently listed to let across the London rental market. 

Westminster is the capital’s short-term rental market hotspot, with 11 per cent of all available short-term rental properties found within the borough.

Advertisement

Tower Hamlets ranks next, accounting for 8.3 per cent of London’s short-term rental availability, followed by Hackney (7.7 per cent), Camden (6.8 per cent) and Kensington and Chelsea (6.8 per cent). 

In contrast, Havering, Sutton and Bexley are home to the lowest levels of short-term rental availability, with each borough accounting for just 0.4 per cent of total short-term stock. 

 

Rentd chief executive Ahmed Gamal says: “Short-term rentals form an integral part of the rental market and for many, they are the vital stepping stone between moving to a new town or city and finding that perfect long term rental property. 

“For others, they provide a preferable option to hotel living when working away from home for a prolonged period and providing this flexibility is as important as the need for long term rentals within the sector, perhaps more so in major cities such as London.”

Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.

  • George Dawes

    They’re an absolute nuisance

  • icon

    Cornwall are having the same problems, they are being used, along with holiday let’s ,to circumvent the onslaught we are having in the PRS, who can blame them….. but be careful, who do you think are next to have the knock on the door!

  • icon

    I've got 2 Short term lets. (Airbnb) and will continue the trend selling off the other PRS in my portfolio. You can't blame landlords for going down that route when you consider the sh** they have to swallow as a PRS landlord. In finding the short term lets much more lucrative, I have total control over them, theyre more tax efficient as the mortgage interest is fully deductible, I get the full 40% unlike the 20% on the PRS properties. The holiday lets are recognised as a business whereas the PRS properties are only recognised as an investment. Its short term all the way for me and I'm slowly dumping the PRS ones.

  • icon

    Shane - I don’t blame you at all, if my properties were in an area where there was a demand then I would join you, I can see though that when the PRS is hollowed out the government will come after the airb&b market, it will be just too tempting.

icon

Please login to comment

MovePal MovePal MovePal
sign up