Edmonton set to rein in spread of short-term rentals
Canada: The city of Edmonton is preparing to manage the rapidly expanding presence of short-term rentals at a time when operators across Canada and the United States are facing growing regulations. City officials say the short-term rental market in Edmonton saw listings shoot up by 30 per cent in the downtown area between May 2014 […]
Airbnb rentals under fire by residents in Budapest
Hungary: Activists in the Hungarian capital of Budapest are blaming rising rents in the city on the number of vacation rentals being listed for tourists to stay in. As a result, they are campaigning for the government to place restrictions on rentals in the city, rentable through platforms like Airbnb, with Budapest experiencing a recent […]
The Telegraph and HomeAway unveil favoured UK holiday let locations
UK: The Telegraph has revealed a list of the best places in the UK to run a holiday let, following a research collaboration with estate agency Savills and holiday home accommodation website HomeAway. The list of the ten most in-demand UK destinations for travellers was compiled by HomeAway, which lists over 92,000 domestic holiday lets, […]
Maison Privee signs $100m villa portfolio on Palm Jumeirah
Dubai: Technology firm and vacation rental provider for the luxury hospitality sector, Maison Privee, has signed a deal to manage a portfolio of luxury signature villas on Palm Jumeirah, Dubai, valued at over US$100m. The deal maintains the company’s rapid expansion, having acquired the portfolio through a preferred partner relationship with the region’s top luxury […]
Where the vacation home market has grown the most in the US
US: ShortTermRentalz spoke to Digital Third Coast’s Tricia Harte to speak about the IPX1031 blog which details the results of its study into where vacation home market has grown the most in the United States. “Where has the vacation home market grown the most? We were curious to find out, so we analysed the total […]
IBC Group aiming to purchase 10,000 properties in Dubai
Dubai: The IBC Group has announced its intention to purchase 10,000 luxury properties in Dubai, which it will furnish and manage as holiday homes / vacation rentals. In the same announcement, the group revealed it had contracted Berkshire Hathaway HomeServices Gulf Properties (BHHS) on an exclusive basis to play an advisory brokerage role to assist […]