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Airbnb News on London Home Rentals

Wednesday, December 07, 2016 9:23:00 AM

Airbnb is set to rigidly enforce a ban home owners in London renting out their homes for more than 90 days a year without permission.

Airbnb has taken this decision to address concerns that some of its users were abusing the system and damaging housing demand.

Airbnb is a peer-to-peer online market place that allows people to list and/or rent their residential properties allowing people to stay at the property at a rate agreed by the property owner.

British Property Federation director of policy Ian Fletcher says: "We are delighted to see this announcement, which is something we and many others have been calling for".

"Airbnb's co-operation in enforcing the 90-day rule is the missing link in ensuring that planning law is abided by in the capital. The company has made a very sensible decision that it should assist in that and in so doing follow good corporate practice, rather than face persistent PR damage".

"Airbnb provides an excellent platform for Londoners seeking to let out their homes temporarily, and the continuation of this has never been at stake. Rather, this change will help curb the increasing number of companies abusing the law and letting London's homes out as permanent hotel rooms."

Airbnb will put the rule into place in Spring 2017.

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