Airbnb Holiday Serviced Accommodation Rentals To Be Regulated In UK Seaside
Resorts, Gove Warns
Michael Gove, the UK's Secretary of State
for Environment, Food and Rural Affairs, has proposed new regulations for
short-term rentals in holiday resorts, including those listed on Airbnb.
Join me online on
my free live money management training Wednesday 8.00PM https://bit.ly/3QPp8IH
These regulations aim to address concerns
over the impact of such rentals on the availability and affordability of
housing in these areas. House prices have surged in popular coastal beauty
spots in parts of Devon, Cornwall and Norfolk as investors swoop up property
for holiday lets as higher rents.
Under the proposed rules, local councils
would have the power to require property owners to obtain planning permission
before renting out their homes for short periods. This would allow councils to
regulate the number of short-term rentals in an area, and to ensure that they
do not have a negative impact on the availability of long-term housing.
Watch video version - https://youtu.be/QvkdXPYjRMw
The regulations would also require Airbnb
hosts to register their properties with their local council, and to comply with
safety and hygiene standards.
Although these regulations have not yet been
implemented, and it remains to be seen how they will be received by the public
and by Airbnb hosts, the news will nevertheless be yet another worry to weary
landlords.
Thousands of landlords have switched their
business model to the more lucrative holiday, or serviced accommodation (SA)
rentals, as an alternative standard buy-to-let.
As many as 85,000 UK Landlords have quit the rental market in the last few years due to higher taxes
and government red tape. Rents have increased as demand outstrips supply - https://youtu.be/NME3nEu8dAQ
Buy-to-let property owners face further
problems ahead with the planned abolition of sec 21 no fault evictions and higher
EPC energy rating standards.
Could there be a property crash?
Property prices surged
by about 25% across the UK from the start of 2020 until Autumn 2022.
With a pending
recession and higher interest rates, house prices have slumped by more than 4%
from that peak, according to March's figures from the Nationwide Building
Society.
Prices have fallen
for five consecutive months as the Bank of England struggles to control
inflation.
Does this mean there will be a 2008-style
crash? Much depends on government moves to balance the economy, as no Prime
Minister wants to face a general election during a property crash.
Need help with
your money, finances or debt?
We are living in
challenging economic times.
I want to show you
how can you:
·
Not only survive, but thrive in a recession or depression?
·
Get control of your finances and spending?
·
Save and invest for your future?
·
Learn about money and finance?
To help you, I am
running a free training webinar.
3 Steps To
Success Money Management!
I want to take you
to the next level, help you get control of your money, learn how to invest and
become financially free.
Join me online on
my free live money management training Wednesday at 8.00PM.
Places are limited,
so register now below to avoid disappointment.
#interestrates #property #mortgages
#remortgage #firsttimebuyer #mortgagerates #homebuyers #housepricefall #finance #moneytraining
#moneymanagement #wealth #money #EPC #AIRBNB #holidaylet #holidayrentals
No comments:
Post a Comment