Mar 21, 2017
MP warns of housing strain caused by holiday lets
Labour's Karen Buck said renting out properties for short holiday lets can produce up to three times the income of more traditional flat rentals. Since 2015, numbers of short-term lets have risen by 126% in London, with Edinburgh, Manchester, Brighton and Bristol following the trend, she said. Short lets can bring in up to three times the income of more traditional flat rentals. "The potential to earn more from short lets is a key selling point on some of the sites." "It is not asking permission, it is merely allowing local authorities to know where short and holiday lets are taking place so they are able to effectively enforce."
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