VRMA Administrator
London Mayor Sadiq Khan is supporting calls for a short-term rental (STR) registration scheme in the capital in the city. He made the announcement as it was revealed that there were more than 81,000 Airbnb listings in London this month, including 50,000+ entire home listings. Khan said that the proliferation of STRs were squeezing housing supply and driving up rents in the city. The current law in the capital stipulates that Londoners are restricted to renting out their property on a short-term basis for a maximum of 90 nights in a calendar year, unless planning permission is obtained. Should a licensing scheme be implemented in London, it would allow local authorities to limit the number of licenses that can be issued in a given area. The mayor is also urging ministers to endorse his calls for new legislation that would require STR platforms to share data at local and national government levels so that authorities can glean more about how the sector is having an impact on housing supply and local residents.
ShortTermRentalz (07/21/23) Paul Stevens
