Ireland: Property management companies are listing short-term rental properties based in Dublin on leasing websites before regulations targeting Airbnb come into effect.
The move to list properties on sites such as Booking.com and Expedia follows on from a similar effort by property owners in other cities, including London and Toronto.
The planned regulation of Dublin’s short-term rental industry would also be a means of bypassing limits on the number of days a residential property can be leased out as a short-term let.
Short-term let regulation in London was introduced back in 2015 to address the growing housing shortage in the capital and as an effort to make more sites available for the long-term rental sector.
Properties in London which are leased for over 90 days a year are required to apply for planning permission with the local authority.
Meanwhile, Irish Housing Minister Eoghan Murphy said he was planning to introduce regulations for companies such as Airbnb and landlords who lease their properties on a short-term rental basis, in a similar manner to rules in Toronto.
Toronto city authorities have just brought in new laws ensuring a person can only let out their property if it is their principle residence and people who own a second home now cannot rent it out for more than 28 days at a time.
Regulations in Toronto, like London, also stipulate homeowners and short-term rental companies must obtain a licence and register with the local council.
Murphy said he had been working with property experts to find ‘the best regulatory system for the short-term rental market’.
He said: “I want to find the quickest way to do it so I can get any long-term lets that have been withdrawn from the market back out there for people to live in long-term near where they work, near where their children go to school and everything else.
“What we don’t want to see is people removing long-term lets from the market and getting an unfair advantage in an unregulated home-sharing market when we have a housing crisis and when we have severe pressures particularly in our urban areas,” he added.
Airbnb has since disclosed that 640,000 guests used its service in Ireland alone this summer and welcomed the minister’s plans for talks on creating more clarity over home-sharing rules in Dublin.