‘One in 50’ London homes potentially used as short-term let
One in every 50 London homes could be let on a short-term basis, raising fresh concerns about the impact on the capital’s housing stock and communities.
New research released by London Councils shows 73,549 listings for London homes on online letting platforms such as Airbnb in December 2019.
This is the first time the total number of London listings across the leading platforms has been compiled.
Calling for improved regulation of the booming short-term lets market, London Councils warns that the growth in short-term lets deprives the capital of much-needed permanent accommodation.
“At a time when almost one in 50 Londoners is homeless, it’s ridiculous that potentially one in 50 London homes is rented out as a short-term let.