October 9, 2016
Hundreds of British home- owners could be breaking planning rules by converting residential properties into virtual hotels to cash in on the Airbnb boom, an investigation by The Sunday Times has found. Airbnb was billed as a way for people to make extra cash by letting out their spare rooms. However, an investigation has unĀ¬covered evidence of widespread abuse of planning laws by Airbnb users, allowing them to take properties out of the already squeezed housing market and turn them into money-making holiday rentals. Short-let management companies, which have sprung up to cash in on the boom and manage hundreds…
Source: http://www.thetimes.co.uk/edition/focus/i-thought-it-was-a-hostel-you-never-see-the-same-people-83qkl0zcf