To ask Her Majesty's Government what assessment they have made of the impact of short-term holiday lets on the availability of housing for those who wish to live in London.
3 February 2020
The Government has not made such an assessment. However, restrictions are in place to limit the use of residential property for short-term let in London. The Deregulation Act 2015 imposes a 90-day limit on any such letting within a single calendar year.
The sharing economy plays an important role in accommodating tourists, who make a huge financial contribution to the country. But there are also legitimate concerns about the impact on local communities. The Government remains open to hearing the views of all stakeholders on the matter. It is important to find ways to address these concerns without placing too great a burden on the growing sharing economy.