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The impact of Airbnb on residential property values and rents

dc.contributor.authorFranco, Sofia F.
dc.contributor.authorSantos, Carlos Daniel
dc.contributor.institutionNOVA School of Business and Economics (NOVA SBE)
dc.contributor.pblElsevier Science B.V., Amsterdam.
dc.date.accessioned2021-03-29T22:25:11Z
dc.date.available2023-03-19T01:32:02Z
dc.date.embargoedUntil2023-03-18
dc.date.issued2021-05
dc.description
dc.description.abstractThis article quantifies the impact of Airbnb's short-term rentals on housing affordability in Portugal. We find that on average a 1pp increase in a municipality Airbnb share results in a 3.7% increase in house prices. When zooming our analysis to the main cities of Lisbon and Porto, we find that a 1pp increase in a civil parish Airbnb share leads to a 3.2% price increase. Finally, exploring the spatial heterogeneity of the impact of Airbnb within the two cities we find strong effects localized in the historical centers and areas attractive to tourists. Compared to a low touristy parish, house prices in a high touristy parish increased by 24.3% in 2015 and 32.3% in the 1st quarter of 2016, relatively to pre-Airbnb expansion period (pre-2014Q2).en
dc.description.versionauthorsversion
dc.description.versionpublished
dc.format.extent1155444
dc.identifier.doi10.1016/j.regsciurbeco.2021.103667
dc.identifier.issn0166-0462
dc.identifier.otherPURE: 28938497
dc.identifier.otherPURE UUID: c6da7da5-5f04-428d-907c-2ccf1034f4ee
dc.identifier.otherScopus: 85102621399
dc.identifier.otherORCID: /0000-0002-8726-7458/work/91493469
dc.identifier.urihttp://hdl.handle.net/10362/114699
dc.identifier.urlhttps://www.scopus.com/pages/publications/85102621399
dc.language.isoeng
dc.peerreviewedyes
dc.relationFunding agency
dc.relationFCT-Fundação para a Ciência e a Tecnologia
dc.relationUID/ECO/00124/2019
dc.relationUIDB/00124/2020
dc.relationSocial Sciences DataLab
dc.relationPINFRA/22209/2016
dc.relationPOR Lisboa
dc.relationLISBOA-01-0145-FEDER-007722
dc.subjectAirbnb
dc.subjectProperty values
dc.subjectRegulation
dc.subjectShort-term rentals
dc.subjectEconomics and Econometrics
dc.subjectUrban Studies
dc.subjectSDG 11 - Sustainable Cities and Communities
dc.titleThe impact of Airbnb on residential property values and rentsen
dc.title.subtitleevidence from Portugalen
dc.typejournal article
degois.publication.titleRegional Science and Urban Economics
degois.publication.volume88
dspace.entity.typePublication
rcaap.rightsopenAccess

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