London Mayor Sadiq Khan has told MPs that the “retention of housing for long-term use” may need to be brought further into the housing market balance as sharing economy sites like Airbnb grab more and more of a share.
The mayor has written to MPs detailing his “concerns” that the potentially more lucrative short-term holiday rental service is reducing the number of long-term rentals in the capital.
Khan is also concerned that Airbnb could be causing greater anti-social behaviour.
“If boroughs are finding that the legislation needs to be revisited to make sure that we find a better way of balancing the benefits of the sharing economy with the protection of local residents and the retention of housing for long-term use, then I will be happy to work with them and discuss with Government whether any changes may be needed,” his letter said.
The home-sharing site, which allows landlords and residents to let their entire property or a part of it for short periods of time, is one of the most high-profile start-ups in the so-called “sharing economy”.
A spokesman for Airbnb told the Evening Standard: “Home sharing helps thousands of regular Londoners afford one of the most expensive cities in the world.
“London has clear home sharing rules and we are always investigating new ways to work with policymakers to make communities stronger and help tackle bad actors, who have no place on Airbnb.”