:
US: New research from booking platform Airbnb indicates that placing caps on short-term rentals is unlikely to lead to a significant increase in long-term rental housing supply.
The study, based on a survey of Australian hosts, found that 88 per cent said they would not convert their listings into long-term rentals, even if local governments reduced the number of nights properties could be let out on platforms such as Airbnb.
Most respondents said their properties were used as primary residences, holiday homes, or were not suitable for long-term tenants. Only 12 per cent of hosts said they would consider shifting to long-term rental if tighter restrictions were introduced.
Although the survey focuses on Australia, the findings are relevant to international markets where similar policies are being introduced. Cities including New York, London, Amsterdam and Lisbon have implemented or proposed caps, licensing schemes, or stricter enforcement to manage the impact of STRs on housing affordability.
The research suggests that many properties listed on short-term rental platforms may not return to the traditional rental market, even under regulatory pressure. This includes seasonal-use homes, investment properties intended for occasional use, or homes that owners may prefer to keep vacant rather than rent out long-term.
Highlights:
-
88% of Airbnb hosts in Australia say they would not switch to long-term rentals if STR night caps were introduced
-
Study suggests minimal impact of STR restrictions on long-term housing availability
-
Majority of STR properties are primary residences, holiday homes, or unsuitable for tenancy
-
Relevant to cities exploring STR regulation: London, New York, Lisbon, Amsterdam
