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Tourism and real estate markets
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Resumo(s)
The short-term renting market has expanded substantially in the recent years due the appearance of digital platforms which link the demand and the supply sides. As a result, many cities have allocated a high share of their lodgings to holiday homes, pressuring long-term housing markets. This work tackles this unexplored issue, presenting the case of Portugal with data from Airbnb and finds that a higher concentration of holiday homes in a location leads to higher housing prices. This effect is particularly localized to the historical centers of Lisbon and Porto.
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Palavras-chave
Holiday homes Housing prices Airbnb