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What Airbnb does to the housing market

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  • Benítez-Aurioles, Beatriz
  • Tussyadiah, Iis

Abstract

•Our model predicts that house prices rise more than rents with Airbnb presence.•Airbnb presence in a borough increases house prices and, to a lesser extent, rents.•Results suggest that tourist renting may offset increased housing costs for owners.

Suggested Citation

  • Benítez-Aurioles, Beatriz & Tussyadiah, Iis, 2021. "What Airbnb does to the housing market," Annals of Tourism Research, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:anture:v:90:y:2021:i:c:s0160738320302528
    DOI: 10.1016/j.annals.2020.103108
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    References listed on IDEAS

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    1. Arellano, Manuel & Bover, Olympia, 1995. "Another look at the instrumental variable estimation of error-components models," Journal of Econometrics, Elsevier, vol. 68(1), pages 29-51, July.
    2. Horn, Keren & Merante, Mark, 2017. "Is home sharing driving up rents? Evidence from Airbnb in Boston," Journal of Housing Economics, Elsevier, vol. 38(C), pages 14-24.
    3. Liran Einav & Chiara Farronato & Jonathan Levin, 2016. "Peer-to-Peer Markets," Annual Review of Economics, Annual Reviews, vol. 8(1), pages 615-635, October.
    4. Blundell, Richard & Bond, Stephen, 1998. "Initial conditions and moment restrictions in dynamic panel data models," Journal of Econometrics, Elsevier, vol. 87(1), pages 115-143, August.
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    Cited by:

    1. Daniel Brunstein & Georges Casamatta & Sauveur Giannoni, 2023. "Hétérogénéité de l'impact du développement d'Airbnb sur le marché immobilier en Corse," Post-Print hal-04122192, HAL.
    2. Lutz, Christoph & Majetić, Filip & Miguel, Cristina & Perez-Vega, Rodrigo & Jones, Brian, 2024. "The perceived impacts of short-term rental platforms: Comparing the United States and United Kingdom," Technology in Society, Elsevier, vol. 77(C).
    3. Taylor Higgins & Federico Martellozzo & Filippo Randelli, 2023. "Airbnb and the City: Comparative Analysis of Short-Term Rentals policies in Florence (Italy)," Working Papers - Economics wp2023_10.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.

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