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Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels . "Short stay" rentals are an offshoot of the corporate housing market, [ 2 ] and are also offered by private owners and investors via online platforms such as Airbnb .
Short-term rentals are banned in certain parts of the city. [5] Barcelona: Vacation apartments are subject to the highest rate of property tax; platforms must share data with regulators. [6] [7] [8] Berlin: Short-term rentals require permission from authorities. Hosts can rent individual rooms with the condition that they live in most of the ...
Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
The town started to address short-term rentals in 2023 with an ordinance requiring renters to buy a $250 short-term rental permit and have business licenses to operate.
The short-term rental data tracking firm AirDNA reports almost 33,000 short-term rental listings on Airbnb VRBO or both in Myrtle Beach compared to more than 24,000 in Las Vegas, almost 22,000 in ...
Credible research done on the impact of short-term rentals on housing costs show short-term rentals have a minimal impact on rents, Adam Kovacevich writes.