Rise in holiday homes leaves tenants struggling to find places to live

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It is anticipated that the number of “whole places” available for rental will increase by 56% in coastal towns in England and Wales from 2019 to 2022, while only increasing by 15% in inland towns. When compared to the middle of the country, the number of Airbnb bookings that occur per property near the coast is three times higher.

People are concerned that this means that villages that were once teeming with people will soon become deserted places that wealthy people from other parts of the country will only visit during the warm summer months.

A study conducted by the lobbying group Inside Airbnb discovered that one coastal home in every 67 in the United States is now listed on Airbnb. This is an increase from 2019, when it was one in every 105.

 How does AirBnb impact local communities?

There is a possibility that as many as one-sixth of the available homes in Newquay, Cornwall, and Whitby, South Yorkshire, are listed on Airbnb at any given time. One in five people lives in St. Ives, which is in Cornwall, and one in four people lives in Woolacombe and Croyde, which are both in North Devon.

According to Airbnb, there are “more than 1,000” different locations available for vacation rentals in Braunton. In the small town located in North Devon, there are only 7,000 people who make their home there.

Long-term renters are being evicted by landlords who want to make room for short-term renters and services like Airbnb. There are some instances in which they do not even issue a warning.

In the year 2021, Emma Dee Hookaway, who was 43 years old at the time, was a resident of Braunton. Her landlord requested that she vacate the property so that she could relocate closer to her daughter.

Up until that point in time, I had spent the entirety of my life in North Devon. In an interview with the Telegraph, Emma stated, “As a single mother, it was always too expensive for me to buy, so I rented instead.”

I told him that my son has autism when I was six years old. Because he could tell that I was anxious, I spent the entire walk to school explaining to him that many people move to the area after the events in COVID because it is beautiful and they want to improve their standard of living. I said this because he could tell that I was nervous.

Housing Shortage in the UK Leads to Higher Rents

As was to be expected, the growing number of second homes and vacation properties has contributed to an even more severe housing shortage in the United Kingdom.

Emma claims that there are now fewer places to live, which has led to an increase in rent that has “gone through the roof.” You would have to pay approximately £1,400 per month for the same house for which I previously paid £900 per month.

The living wage, which is approximately £17,290 per year, is earned by a significant number of people in North Devon. Because of this, it is difficult for a great number of people to live here.

However, this problem is not unique to North Devon; it is also present in the Cotswolds, Cornwall, Wales, the Scottish Highlands, and North Yorkshire.

According to what Mayor Roxanne Treacy said in an interview with the Telegraph, “housing is the most important thing for people right now.” The most important thing to consider is the impact that vacation rentals and second homes—which I won’t refer to as homes—have on the housing market in the surrounding area.

A large number of people have been forced to leave the area because there are no longer any long-term rentals that are within their price range. It is difficult for those who are able to buy to compete, particularly for the sale of smaller properties, which typically go to cash buyers.

As a solution to this issue, which is only getting worse, Emma suggests placing additional taxes on homes that are only used occasionally.

Those who own a second home or who rent out their primary residence during the summer months ought to be subject to higher tax rates. She went on to say that it was “extraordinary” that Airbnb hosts could get up to £10,000 to make up for the money they lost because of the pandemic. She described this as “extraordinary.”