Where next for Airbnb?

There's been a 150-fold rise in the number of London homes listed. Now the home-sharing platform could be branching out.

by Rebecca Smith

To see just how ever-present the sharing economy has become in many people’s lives, you only need to check George Osborne’s latest Budget. It announced a new tax-free allowance of £1,000 a year for people who rent out their homes through sites such as Airbnb, reflecting just how mainstream the process has become.

And London is particularly taken with the home-sharing platform. Some 25,357 homes were listed in the capital on Airbnb at the end of the year – the third-highest number of any city in the world. There’s also been a 150-fold rise in the number of London homes listed on Airbnb over the past five years, according to property group JLL, using data from insideairbnb.com. And with tokens like the tax-free allowance thrown people’s way by the Chancellor, it’s unlikely to abate anytime soon.


Sign in to continue

Sign in

Trouble signing in?

Reset password: Click here

Email: mtsupport@haymarket.com

Call: 020 8267 8121

Register

FREE

  • Up to 4 free articles a month
  • Free email bulletins

Register Now

Become a subscriber

From £66 a quarter

  • Full access to managementtoday.co.uk
  • Exclusive event discounts
  • Management Today's print magazine
  • Plus lots more, including our State of the Industry Report.

Choose a Package