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Assessing the impacts of Airbnb listings on London house prices

Todd, J; Musah, A; Cheshire, J; (2022) Assessing the impacts of Airbnb listings on London house prices. Environment and Planning B: Urban Analytics and City Science , 49 (1) pp. 206-222. 10.1177/23998083211001836. Green open access

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Abstract

Over the course of the last decade, sharing economy platforms have experienced significant growth within cities around the world. Airbnb, which is one of the largest and best-known platforms, provides the focus for this paper and offers a service that allows users to rent properties or spare rooms to guests. Its rapid growth has led to a growing discourse around the consequences of Airbnb rentals within the local context. The research within this paper focuses on determining impact on local housing prices within the inner London boroughs by constructing a longitudinal panel dataset, on which a fixed and random effects regression was conducted. The results indicate that there is a significant and modest positive association between the frequency of Airbnb and the house price per square metre in these boroughs.

Type: Article
Title: Assessing the impacts of Airbnb listings on London house prices
Open access status: An open access version is available from UCL Discovery
DOI: 10.1177/23998083211001836
Publisher version: https://doi.org/10.1177/23998083211001836
Language: English
Additional information: This article is distributed under the terms of the Creative Commons Attribution 4.0 License (https://creativecommons.org/licenses/by/4.0/) which permits any use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access pages (https://us.sagepub.com/en-us/nam/open-access-at-sage).
Keywords: Cities, housing, spatial analysis, statistical analysis, urban analytics
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Geography
URI: https://discovery-pp.ucl.ac.uk/id/eprint/10124650
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