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Agents call for Scottish policy makers to “catch up” with rental regulations

Reading Time: 2 minutesUK: Following reports that 84 per cent of Scots want new taxes imposed on short-term landlords, letting agents have called for policy makers to respond. Jonathan Gordon, director with Clan Gordon, said: “It is crazy to have thousands of properties let out short term with no regulations at all. Speaking so often to landlords, we […]

LuxHomePro launches luxury short-term vacation rental education program

LuxHomePro

Reading Time: 2 minutesUnited States: LuxHomePro, a leader in short-term luxury vacation rental business training, has unveiled its Profit Formula professional education program. The comprehensive online training program will equip new entrants into the vacation rental sector with detailed knowledge about how to find, market and operate vacation rental properties. Those interested in registering for the Profit Formula […]

Landlords in Dubai turning to short-term rental homes for income

Dubai

Reading Time: 3 minutesDubai: Dubai’s property landlords are increasingly opting to take in travellers staying for five days or more via sourcing platforms offering short-term rental options. In doing so, it benefits the wider market for short-term stays as brand new apartments and villas are being used, rather than sitting empty before a full-year tenant shows up. Vinayak […]

Seaside hotspot residents in Australia out-priced by Airbnb renters

Australia

Reading Time: 2 minutesAustralia: Wealthy tourists could be forcing seaside hotspot residents out of their homes as Airbnb provides investors with healthy income streams. The CEO of RiskWise Property Research, Doron Peleg, warned long-term renters were also being impacted in areas such as Byron Bay as they were unable to pay the same rates as short-term letters. Peleg […]

NetChoice says New York short-term rental law ‘violates’ the U.S Constitution

Reading Time: < 1 minuteNew York: Trade association NetChoice has argued the New York short-term rental law, Local Law 146, violates the Fourth Amendment of the U.S Constitution and needs to be amended. The association of eCommerce businesses and online consumers says the controversial bill, which was passed by the New York City Council (NYC) Council and signed into […]

Metasearcher Hometogo acquires Casamundo with Wimdu set to close

Casamundo acquisition

Reading Time: 2 minutesWorldwide: German-based holiday home metasearch company Hometogo has assumed control of Casamundo following the news of struggling Airbnb rival Wimdu’s imminent closure. The Berlin-based Hometogo meta-search provider for holiday homes, searches 300 different websites with a total of 15 million offers, including major accommodation providers such as Booking.com, the HomeAway group, TripAdvisor, e-domizil and TUI […]

Washington D.C and Airbnb to fight over proposed second home rental bill

Washington

Reading Time: 2 minutesWashington D.C: Washington D.C. and Airbnb are set to fight over a proposed bill which would prevent homeowners from renting out their second homes through Airbnb or other short-term rental companies. Advocates of the bill say blocking second home rentals would preserve neighbourhoods and prevent buildings from being turned into hotel-like properties with travellers coming […]

New York-based Domio aims to become the ‘Airbnb of group travel’

Domio

Reading Time: 2 minutesUnited States: Vacation rental company Domio aims to become the ‘Airbnb of group travel’ after announcing a $50 million joint venture with private equity firm Upper90 to open aparthotel properties. The New York-based company is renting out curated vacation apartments to group travellers and started out by targeting young people travelling together in groups. It […]