A new report has estimated short-term rentals like Airbnb are earning tens of thousands more per year than long-term rentals in the same area, vacuuming dwellings off the market.
It helps to explain the rapid drain of properties that's contributing to the housing crisis.
But there’s a mooted solution: a ‘cap and trade’ system that research suggests will allow a healthy amount of short-term rentals, boost the amount of dwellings available to live in and accrue cash for local areas impacted by the tourist surge.
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24 июн 2024
