There’s a renting crisis with Londoners spending half of their income on rent, and half of renters in England reportedly experiencing stress and anxiety. Meanwhile recent figures show 1 in 50 available homes in the capital are now short-term lets on Airbnb, Booking.com and TripAdvisor, depriving Londoners of homes and worsening the housing crisis.
Currently 59,000 households in London are in temporary accommodation, including 89,000 children. Airbnb has reacted, calling the figure inflated and blaming double-counting of properties across multiple platforms. Recent investigations by the BBC and the Times revealed Hostmaker encouraging landlords to “feign ignorance” of the law if caught letting for more than 90 days a year, and that landlords could earn on average £500/month more letting though homestay platforms than renting to long-term tenants.