IDEAS home Printed from https://ideas.repec.org/h/cnb/ocpubc/geo2019-12.html
   My bibliography  Save this book chapter

The boom in short-term accommodation

In: CNB Global Economic Outlook - December 2019

Author

Listed:
  • Petr Polak

Abstract

Property prices are rising continuously in many European states, and property markets are overheating in various countries. The high prices are making housing less affordable and may be putting financial stability at risk. Supervisors are therefore adopting various measures and local authorities are introducing new regulations. The upward price trend is also due to limited supply caused by a boom in the popularity of short-term accommodation. What can we say about this newly developing market?

Suggested Citation

  • Petr Polak, 2019. "The boom in short-term accommodation," Occasional Publications - Chapters in Edited Volumes, in: CNB Global Economic Outlook - December 2019, pages 12-15, Czech National Bank.
    • Handle: RePEc:cnb:ocpubc:geo2019/12
    as

    Download full text from publisher

    File URL: https://www.cnb.cz/export/sites/cnb/en/monetary-policy/.galleries/geo/geo_2019/gev_2019_12_en.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. Stephen Sheppard & Andrew Udell, 2016. "Do Airbnb Properties Affect House Prices?," Department of Economics Working Papers 2016-03, Department of Economics, Williams College.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Juan Luis Jiménez & Armando Ortuño & Jorge V. Pérez-Rodríguez, 2022. "How does AirBnb affect local Spanish tourism markets?," Empirical Economics, Springer, vol. 62(5), pages 2515-2545, May.
    2. Koster, Hans R.A. & van Ommeren, Jos & Volkhausen, Nicolas, 2021. "Short-term rentals and the housing market: Quasi-experimental evidence from Airbnb in Los Angeles," Journal of Urban Economics, Elsevier, vol. 124(C).
    3. Xu, Minhong & Xu, Yilan, 2021. "What happens when Airbnb comes to the neighborhood: The impact of home-sharing on neighborhood investment," Regional Science and Urban Economics, Elsevier, vol. 88(C).
    4. Mohammed Alyakoob & Mohammad S. Rahman, 2022. "Shared Prosperity (or Lack Thereof) in the Sharing Economy," Information Systems Research, INFORMS, vol. 33(2), pages 638-658, June.
    5. Joan B. Garau-Vadell & Desiderio Gutiérrez-Taño & Ricardo J. Díaz-Armas, 2023. "The Moderating Role of Generation on Residents’ Support for P2P Vacation Accommodations: Millennials versus Older Generations," SAGE Open, , vol. 13(1), pages 21582440231, February.
    6. Susana Peralta & João Pereira dos Santos & Duarte Gonçalves, 2020. "Do short-term rentals increase housing prices? Quasi-experimental evidence from Lisbon," GEE Papers 0155, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Jul 2020.
    7. Wei Chen & Zaiyan Wei & Karen Xie, 2022. "The Battle for Homes: How Does Home Sharing Disrupt Local Residential Markets?," Management Science, INFORMS, vol. 68(12), pages 8589-8612, December.
    8. Cong Liang & Matthew Chi Hei Yeung & Alan Kai Ming Au, 2022. "The impact of Airbnb on housing affordability: Evidence from Hong Kong," Environment and Planning B, , vol. 49(3), pages 1048-1066, March.
    9. Catalina Llaneza Hesse & Josep Maria Raya Vílchez, 2022. "The effect of COVID-19 on the peer-to-peer rental market," Tourism Economics, , vol. 28(1), pages 222-247, February.
    10. Ka Shing Cheung & Chung Yim Yiu, 2023. "The paradox of airbnb, crime and house prices: A reconciliation," Tourism Economics, , vol. 29(5), pages 1412-1418, August.
    11. David M. Harrison & Michael J. Seiler & Liuming Yang, 2024. "The Impact of iBuyers on Housing Market Dynamics," The Journal of Real Estate Finance and Economics, Springer, vol. 68(3), pages 425-461, April.
    12. Morales-Alonso, Gustavo & Núñez, Yilsy M., 2022. "Dragging on multilisting: The reason why home-sharing platforms make long-term rental prices increase and how to fix it," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    13. Benítez-Aurioles, Beatriz & Tussyadiah, Iis, 2021. "What Airbnb does to the housing market," Annals of Tourism Research, Elsevier, vol. 90(C).
    14. Hui Li & Yijin Kim & Kannan Srinivasan, 2022. "Market Shifts in the Sharing Economy: The Impact of Airbnb on Housing Rentals," Management Science, INFORMS, vol. 68(11), pages 8015-8044, November.
    15. Irene Rubino & Cristina Coscia & Rocco Curto, 2020. "Identifying Spatial Relationships between Built Heritage Resources and Short-Term Rentals before the Covid-19 Pandemic: Exploratory Perspectives on Sustainability Issues," Sustainability, MDPI, vol. 12(11), pages 1-22, June.
    16. Bresciani, Stefano & Ferraris, Alberto & Santoro, Gabriele & Premazzi, Katia & Quaglia, Roberto & Yahiaoui, Dorra & Viglia, Giampaolo, 2021. "The seven lives of Airbnb. The role of accommodation types," Annals of Tourism Research, Elsevier, vol. 88(C).
    17. Lauriane Belloy, 2022. "Short-term rental revenues after the lockdown : An advantage for natural areas but always in dense rental spaces," Working papers of Transitions Energétiques et Environnementales (TREE) hal-03671537, HAL.
    18. Garcia-López, Miquel-Àngel & Jofre-Monseny, Jordi & Martínez-Mazza, Rodrigo & Segú, Mariona, 2020. "Do short-term rental platforms affect housing markets? Evidence from Airbnb in Barcelona," Journal of Urban Economics, Elsevier, vol. 119(C).
    19. David López-Rodríguez & María de los Llanos Matea, 2019. "Recent developments in the rental housing market in Spain," Economic Bulletin, Banco de España, issue SEP.
    20. Jorge Luis Casanova Ferrando, 2019. "The Airbnb Effect on theRental Market: the Case of Madrid," Studies on the Spanish Economy eee2019-34, FEDEA.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cnb:ocpubc:geo2019/12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jan Babecky (email available below). General contact details of provider: https://edirc.repec.org/data/cnbgvcz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.