AirDNA

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    Latest property news

    Exclusive: Rapid rise in ‘whole property’ short-let rentals on Airbnb and other sites

    Report shown to The Negotiator by industry data firm Airdna reveals extraordinary rise in properties being rented out via short-let platforms.

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  • Latest property news
    Latest property news

    Exclusive: Airbnb ‘whole property’ listings rise by a third in just 12 months

    The number of whole homes being rented out via Airbnb has increased by 31% over the past year, latest data shown to The Negotiator reveals. These figures are for London, the key market for Airbnb in the UK, where there were 29,476 properties available to rent during October, up from 22,400 the year before. This is also more than four times the number of ‘whole home’ listings compared to November 2014 when US-based consultancy AirDNA began collecting data. These ‘whole property’ listings are contentious because they can be in direct competition with traditional lettings, despite efforts to limit them. 90 day limit Airbnb earlier this year limited the number of total nights a property can be rented out during a calendar year to 90 to conform with Section 44 of the Deregulation Act 2015, which requires any landlord exceeding that limit to seek permission to do so. Although Airbnb’s system automatically limits a property’s account once it goes over 90 days of bookings,  landlords can override it by confirming via a weblink form that they have the relevant permission from their local London council – no proof is required. Airbnb says this information including the listing address can be shared…

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  • Latest property news
    Latest property news

    Hammond reveals rethink on rent-a-room scheme after Airbnb growth

    A review of the rent-a-room scheme hidden in last week’s Budget announcement may have big consequences for the growing number of online short-term letting companies such as Airbnb and SpareRoom. The announcement, which was hidden in the budget text and not referred to during the Chancellor during his speeach in Parliament on Wednesday reveals that the government is to review the ‘rent-a-room’ tax relief given to home owners who let single room within their properties. Tax experts believe the government is likely to set a minimum number of days that a tenant must stay in the property to attract the zero rate of tax on any income. Introduced in 1992 rent-a-room relief enables home owners to earn up to £7,500 a year tax free from letting out a spare room in their home, which was raised last year from £4,250. Rent-a-room scheme But the scheme has helped prompt the rapid rise of short-term online room rental sites, in particular Airbnb – which now offers over 25,000 private rooms to rent in London, data from consultancy Airdna shows. The Budget announcement reveals that the government believes the relief, which was designed to enable struggling home owners to earn tax-free income and…

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