Airbnb crackdown looming in South Africa. Proposed regulations for short-term rentals in South Africa could affect the entire industry, causing many to consider whether remaining in the market is viable and making others skeptical of buying into it. This is according to Only Realty Property Group CEO Grant Smee, who spoke to?Cape Talk?about the proposed regulations. “Ultimately, like any hospitality industry, your money is made on vacancy levels and the fewer nights you are empty, the more money you make,” said Smee. “If the government limits how many nights you can rent the property out, that’s going to be a massive issue for almost all Airbnb owners.” Smee is referring to regulations?proposed by Airbnb?in a report released at the beginning of October. The report provided case studies on how South Africa can regulate the short-term rental market. These included limiting the number of nights owners can rent their property for if done on a short-term basis and creating a national registry of all short-term rentals. This followed backlash from Cape Town residents after claims that many felt they were being priced out of the city due to short-term rentals pushing up property prices. #africa #southafrica #regulations #laws https://lnkd.in/gMZFHVUc
Vacation Rental Professionals Network的动态
最相关的动态
-
?? Airbnb is causing problems in local communities ?? Airbnb is significantly impacting property lettings in the UK, driving up rents and reducing available long-term housing. Landlords are increasingly shifting properties to short-term holiday rentals, resulting in fewer options for locals and higher prices. This trend exacerbates the housing crisis, particularly in popular tourist areas, making it tougher for residents to find affordable homes. Striking a balance between tourism and local needs is essential for sustainable communities. https://verismart.co.uk or email: [email protected] #HousingCrisis #AirbnbImpact #UKRentals
-
Day 295/366: The Impact of Short-Term Rental Regulations: A Lesson from NYC for Greece? This chart illustrates the dramatic reduction in New York City's short-term Airbnb listings, dropping from over 22,000 to under 5,000 within months of strict regulations being enforced. While the intent was to increase housing affordability, the overall impact on rent prices remains uncertain. For Greece and Cyprus, where short-term rentals have surged in popular areas like Athens, Thessaloniki, and Limassol, similar debates are emerging. In Cyprus, Airbnb listings have significantly grown, particularly in Limassol, a hotspot for both foreign investment and tourism. While this has injected vibrancy into the local economy, it has also pushed up property prices, making housing less affordable for locals. Cyprus saw a 40% increase in apartment transactions in urban areas over the past 18 months, with a considerable portion driven by investors seeking to capitalize on the booming rental market. However, this also exacerbates affordability issues, especially for younger generations who increasingly turn to rentals over ownership. Greece and Cyprus may consider targeted regulations to strike a balance between promoting tourism and ensuring housing remains affordable. NYC's experience highlights the need for well-designed, data-driven policies that can adapt to local market conditions without unintended consequences. The key question: Can regulating short-term rentals make housing more affordable, or will it stifle local economies dependent on tourism? #RealEstate #Airbnb #HousingMarket #Greece #NYC #RealEstateData #UrbanDevelopment
-
-
Should Airbnb and other short-term rentals be banned? (Video) Should Airbnb be banned? That's the question some cities are grappling with as rents continue to rise and housing challenges become even more prevalent. (Source: Bloomberg) #scapegoat #europe #ban #airbnbban #regulations #bloomberg #overview #barcelona #budapest https://lnkd.in/gSAgaJcv
-
-
Pay As You Go Admin | Project Based Support | Property Investment Research | Specialist In Property Sales Progression and Short Term Rental.
The introduction of this will mean greater accountability and regulation. This will help to address issues such as noise disturbances, overcrowding, and safety concerns, all of which can negatively impact the quality of life for residents in popular tourist destinations. The government can better track and manage the short-term rental market, therefore, it will enhance the quality and safety of accommodation. Moreover, the registration of short-term lets can contribute to the preservation of affordable housing in urban areas. The government can strike a balance between promoting tourism and preserving housing for residents. Ultimately, it will serve the collective interest of fostering thriving and harmonious tourism that benefits residents, visitors, and local economies alike.
New rules for Short Term Lets announced for England. We have been calling for a registration scheme for many years and welcome the news that it is finally being introduced. Alongside this new planning classes will be brought in requiring second -home owners who want to let houses as STR’s to get planning permission from this summer. Amanda Cupples, GM Europe at STAA member Airbnb says , “Families who host on Airbnb will benefit from clear rules that support their activity, and local authorities will get access to the information they need to assess and manage housing impacts and keep communities healthy, where necessary.” Whilst welcoming the news of the registration scheme Andrew Fenner, STAA Chief Executive, added a cautionary note in todays Daily Telegraph. Andy said, “The registration scheme could have been game changing for tourism in England had it covered all types of accommodation but, instead, what we’ve got is a missed opportunity that’s a half-way house at best.” Andy went on to add , “The presumption is that, if you shut down all short-term rentals tomorrow, the housing crisis would be solved but that is naive in the extreme.” The STAA is continuing to work with the government in England and across the home nations to obtain the balance between business and the communities which support them. We are working together for the responsible, sustainable growth of our industry and welcome any positive changes to support it and the thousands of jobs that rely on tourism. If any members have any questions, concerns or inputs please reach out to us on DM or email to [email protected] #Sustainable #Responsible #Tourism Department for Culture, Media and Sport VisitEngland Airbnb Carl Thomson Charlie Reith Fiona MacConnacher Abode Worldwide Daily Telegraph ShortTermRentalz https://lnkd.in/epayHGnw
-
?? Edinburgh’s Airbnb Crackdown: A Housing Fix That Backfired? Edinburgh’s strict short-let rules, aimed at improving housing availability, have had unexpected consequences. Airbnb reports that since the measures were introduced: Rent Surge: Average rents have soared 13.9% in the past year—almost double the increase seen across Scotland. Higher Living Costs: House prices, once falling, are now climbing faster than elsewhere in Scotland, up 6.5% in a year. Tourism Decline: Airbnb stays for the 2024 Fringe Festival dropped 13%, with shorter stays affecting local businesses and cultural events. Many hosts, including families who depend on extra income to offset living costs, are now struggling. Airbnb argues that Edinburgh’s approach isn’t working and is calling for a rethink of the regulations to better balance housing needs, tourism, and affordability. What’s your take on this? Should short-let rules be eased to support local economies, or are they necessary to address housing challenges? #EdinburghHousing #ShortLets #Airbnb #RentalMarket #HousingCrisis #TourismImpact #PropertyNews
-
-
Deciding between buying a home in Spain or the Canary Islands is a tricky choice. ???? ???? Both destinations are popular with second homeowners, real estate investors, expatriates and retirees – but with some distinct variations in terms of lifestyle, living costs and the types of property available to purchase. #spainproperty #canaryislandproperty #MovingToSpain #expatproperty #expatlife #wealthmanagement #chasebuchananwm
Buying a Home in Spain vs the Canary Islands: Average Costs and Contrasts
https://chasebuchanan.com
-
Infrastructure | Private Sector Development | Energy Transition | Digital Transformation
As urban cost of living skyrockets, governments are quick to point fingers at short term rentals (think Airbnb). Keeping flats available for tourists - they say - must be pushing rents upward by limiting the housing supply. Or does it? This article in HBR found that short term rental only accounts for 1% of rental increase, and primarily affects affluent segments of the population. The main beneficiary of so called “Airbnb bans” are hotels, not people: https://lnkd.in/g6J9HZfW The right approach? Keep short-term rental as an option but use the right policies to mitigate negative externalities. Not as shiny as an outright ban, but probably a more nuanced approach to keeping cities affordable AND visitor-friendly.
What Does Banning Short-Term Rentals Really Accomplish?
hbr.org
-
Decent housing is a human right! Yet over 160 million Europeans* live overburdened by housing costs, and on any given night 900.000 people sleep rough.? This has to stop!? We need a European plan to ensure affordable, decent and safe homes for all. And we need this to become a priority for the upcoming years.? We’ve already started working. At the beginning of this year we managed to achieve better regulations for the rental market. Airbnb, Booking and similar companies have boosted the tourism sector, but they have also destabilised the rental market for long enough, leading to displacement of residents and price inflation. We’ve made sure this does not go any further!? No groundbreaking reform happens overnight. But thanks to steps like these, eventually, every European will have a safe roof over their heads.? This is our promise!? *numbers according to Eurostat #housing #decenthousing #affordablehousing #housingisahumanright
-
-
?? THE LATEST FROM ARRIVAL: Supercharge Your Property Inventory with Data! Running the right properties is crucial for your short-term rental business. Whether you're aiming for rapid growth, steady expansion, or optimizing your property mix, it all starts with the power of data. ??Stay informed with the latest industry news: - Social Impact: Porto's mayor uses Airbnb to drive urban regeneration. - Data Insights: Discover surprising guest preferences and a new partnership to empower rental owners. - Global News: Property owners fight new rules in British Columbia, and Brisbane requires permits for short-term rentals. - Regulatory Updates: New regulations in Tybee Island and Greene County, plus the economic impact of phasing out rentals in Maui. https://hubs.ly/Q02CRkg20 Stay ahead of the game with Arrival's latest updates! ?? #VacationRentals #PropertyManagement #DataDriven #IndustryNews #ShortTermRentals
-
-
As an Airbnb manager, the debate surrounding short-term rental bans caught my eye. This Harvard Business Review article explores the complex issue, delving into the concerns and potential benefits. While I understand the anxieties around housing affordability and community impact, I believe outright bans overlook the positive contributions of responsible short-term rentals. #Airbnb #ShortTermRentals #Hospitality #Regulations #Community https://lnkd.in/guFSDn3t
What Does Banning Short-Term Rentals Really Accomplish?
hbr.org
Founder & Director at SCALE
1 周Nick Taylor Richard Pols