Open AccessAssessing the impacts of Airbnb listings on London house prices
Author(s) -
James Todd,
Anwar Musah,
James Cheshire
Publication year - 2021
Publication title -
environment and planning. b, urban analytics and city science/environment and planning. b, urban analytics and city science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.889
H-Index - 90
eISSN - 2399-8091
pISSN - 2399-8083
DOI - 10.1177/23998083211001836
Subject(s) - renting , sharing economy , context (archaeology) , house price , spare part , business , service (business) , focus (optics) , marketing , advertising , geography , economics , econometrics , computer science , political science , law , physics , archaeology , optics , world wide web
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.