IDEAS home Printed from https://ideas.repec.org/a/eee/jhouse/v71y2026ics1051137726000057.html

Short-term vs. medium-term rentals: Rents, market tightness, and foreclosure effects

Author

Listed:
  • Ouasbaa, Ghizlen
  • Raya, Josep Maria

Abstract

This paper studies the causal effects of platform-based rentals on housing affordability, market tightness, and foreclosure risk in Barcelona, distinguishing between short-term rentals (STRs) and medium-term rentals (MTRs). Using granular data from Airbnb and HomeAway, matched with housing transactions and foreclosure records, we estimate an instrumental variable model to identify the impact of STR and MTR activity on local housing outcomes. We find that an increase in the number of STR listings raises rents and reduces discounts, exacerbating affordability concerns, while being associated with lower foreclosure rates. In contrast, a rise in MTR listings is associated with lower rents, suggesting a reallocation of housing demand toward the medium-term segment and a moderation of pressure on the long-term rental market.

Suggested Citation

  • Ouasbaa, Ghizlen & Raya, Josep Maria, 2026. "Short-term vs. medium-term rentals: Rents, market tightness, and foreclosure effects," Journal of Housing Economics, Elsevier, vol. 71(C).
    • Handle: RePEc:eee:jhouse:v:71:y:2026:i:c:s1051137726000057
    DOI: 10.1016/j.jhe.2026.102124
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1051137726000057
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jhe.2026.102124?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jhouse:v:71:y:2026:i:c:s1051137726000057. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622881 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.