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The boom in short-term accommodation

In: CNB Global Economic Outlook - December 2019

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  • 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
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    File URL: https://www.cnb.cz/export/sites/cnb/en/monetary-policy/.galleries/geo/geo_2019/gev_2019_12_en.pdf
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    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.
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