Holiday let owners are facing a significant dip in bookings this year as the sector feels the effects of the cost-of-living crisis, poor weather and an increasingly saturated market.
Hackney Council has promised landlords financial support to stay in the PRS while beefing up licensing and getting tough on short-term lets.
Generation Rent has called for even stronger action to be taken against holiday lets which it says have been “making life a misery” for renters in the UK’s most popular tourist destinations.
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.
