November 22, 2016
Members of the House of Lords have heard about the concerns of a Baroness over landlords who choose not to let their properties to long-term tenants but instead prefer the more profitable and less controlled short-term lets via Airbnb. “People are overlooking the situation where, particularly in London, landlords are giving up ordinary residential lettings. There is quite a desperate shortage of lettings for ordinary people wishing to rent, because landlords can make so much more money out of Airbnb, which is totally uncontrolled. I opposed the practice when it came up last year during passage of the Deregulation Act, but no one else did” Baroness Gardner told peers….
Source: https://www.lettingagenttoday.co.uk/breaking-news/2016/11/house-of-lords-hears-of-concern-over-spread-of-airbnb-short-lets
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