Recent media reports of government plans to regulate Airbnb and other “short-term home rentals” have sent shivers down the spines of many Airbnb owners (and those thinking of buying property for the purpose).
But should you be worried? It’s an important question because short-term letting can be highly profitable for property owners who own or buy the right property in the right place and at the right time.
So let’s have a look at what has actually happened so far. What stage has the proposed new legislation reached and what does it actually provide? And is it possible at this stage to make any sort of informed guess as to what the final outcome might be?
