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Interesting article

  • 30-01-2018 4:38pm
    #1
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭


    Just reading this article here:

    Essentially- proper regulation of Airbnb is being credited with returning 8,000 units to the long term rental market in Berlin. It is thought that over half the 8,000 were *not* let on Airbnb- but rather kept empty by owners who imagined they'd make a profit on flipping the property and did not want the hassle of dealing with Airbnb/tenants/lettings (particularly given the highly regulated sector).

    The regulation of the (Airbnb) sector- resulted in small falls both in property prices, and in rent levels- and this had the consequent of persuading those who were sitting on empty property- to either let it- or to sell it and get out of the sector altogether. It is thought that statistics will show most of the vacant properties were actually sold rather than let.

    Given the issues with Airbnb here in Ireland- its always interesting to see how its being handled in other countries (normally a hell of a lot better than we are managing it- however, we can learn from what works and what doesn't work elsewhere- and leverage that knowledge here).


Comments

  • #2
    Graham
    Moderators, Society & Culture Moderators Posts: 17,643 Mod ✭✭✭✭Graham


    Read a similar article this morning on DW.com

    Both articles mention 8000 apartments returning to the rental market
    Almost 8,000 apartments were returned to the rental market in Berlin last year thanks to strict property laws introduced in 2016, according to figures from the Senate Department for Urban Development and Housing published by German media on Sunday.
    http://www.dw.com/en/berlin-housing-law-replenishes-housing-stock-for-renters/a-42360345


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