Former Lib Dems leader Tim Farron has slammed Airbnb and other holiday lets platforms for creating a ‘clearance’ of long-term rental homes from his Lakeland constituency.
All short-term lets in Wales will soon have to be registered and licensed under plans announced by the Welsh government.
Landlords are being encouraged to consider adding lucrative short lets and assisted living developments to their property portfolios this year.
Landlords looking to rent their properties out via short lets now have more choice after British platform UnderTheDoormat announced it has merged with European counterpart Veeve.
More than 20% of short-term lets advertised in London were previously long-term rentals, according to research by property data platform Propalt.
A business that rents out properties via Airbnb on behalf of landlords has raised another £1.75 million from investors, taking its total raised since 2016 to £12 million.
Homes bought by landlords to rent out via short-let contracts create gross returns of between 12% and 20%, an estate agency has claimed.