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Airbnb and the housing market before and during the COVID-19 pandemic: A comparative study of Barcelona and Lisbon.

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Resumo:Abstract Since 2010, Airbnb has had a significant impact on the housing market in all tourist cities where it operates. With a very small investment, Airbnb enables the use of residential flats for short-term rentals, creating a rent increase that ultimately excludes long-term tenants. Using data drawn from the Inside Airbnb website, Idealista, and the 2011 Census of Spain and Portugal, this article first estimates the number of commercial listings, multi-hosts, and long-term rentals lost to Airbnb in Barcelona and Lisbon; second, it measures the potential increase in rents created by Airbnb in specific neighbourhoods in both cities; and finally, it examines the impact of the COVID-19 pandemic on Airbnb activity in these cities.
Autores principais:Garha,Nachatter Singh
Outros Autores:Azevedo,Alda Botelho
Assunto:Airbnb short-term rentals housing market COVID-19
Ano:2022
País:Portugal
Tipo de documento:artigo
Tipo de acesso:acesso aberto
Instituição associada:Fundação para a Ciência e Tecnologia
Idioma:inglês
Origem:SciELO Portugal
Descrição
Resumo:Abstract Since 2010, Airbnb has had a significant impact on the housing market in all tourist cities where it operates. With a very small investment, Airbnb enables the use of residential flats for short-term rentals, creating a rent increase that ultimately excludes long-term tenants. Using data drawn from the Inside Airbnb website, Idealista, and the 2011 Census of Spain and Portugal, this article first estimates the number of commercial listings, multi-hosts, and long-term rentals lost to Airbnb in Barcelona and Lisbon; second, it measures the potential increase in rents created by Airbnb in specific neighbourhoods in both cities; and finally, it examines the impact of the COVID-19 pandemic on Airbnb activity in these cities.