Transparent: London revealed as Europe’s largest vacation rental market
UK: With almost 68,000 vacation rental properties, London leads the European market by nearly 20,000 units and is home to over 100,000 bedrooms, according to a Transparent survey. As a mature short-term rental market, the UK capital hosts around 38,000 one bed properties, with two bed accommodations accounting for 25 per cent of its total […]
Dublin denies planning permission for short-term lets
Ireland: Dublin City council has set significant precedent, by denying a series of short-term lets planning permission for continued operation. Out of 16 properties that applied, the council denied eight applications. The city council says this is leading to a shift in city policy, which would outright prevent operators from running Airbnb units full time […]
Airbnb in legal settlement talks with New York City
US: Airbnb is reportedly in talks with New York City to arrange a legal settlement surrounding the disclosure of host information through the home-sharing platform, according to Bloomberg. The legal battles between both parties have been well documented and bitterly disputed in a long-running saga, since New York City Council passed a law in 2018 […]
LA ranks number one in US for short-term rentals
US: According to research by real estate body CBRE, Los Angeles ranks highest in two core short-term rental statistics. The city was found to have both the highest ranks in number of short-term rentals on the market, as well as the highest ratio of rentals to traditional hotel supply. The information comes from a fourth […]
Samana set to launch rental business in Dubai
Dubai: Dubai-based real estate developer Samana Developers is reportedly planning to start two new residential projects in the emirate and venture into short-term rentals business, according to a report in Zawya. The firm currently has two projects under construction, the 122-unit Samana Greens and the 205-unit Samana Hills, and was recently handed the contract for […]