Published on : Friday, December 29, 2017
The National housing charity Threshold is leading the calls for a limit on the number of days a property can be used through Airbnb, after it was revealed that some hosts are earning upwards of €100,000 a year.
There are almost 5,000 properties are being let in their entirety for up to €800 a night.
The market data organisation company found one Dublin property near Trinity College took in €172,227 in the past year alone.
The CEO of Threshold John-Mark McCafferty said that the intervention is necessary in cases where the full property is being rented out constantly through Airbnb.
However, Mr McCafferty thinks there should be balance in this, given Airbnb’s importance to homeowners and the tourism industry in Ireland.
He said that hosts of Airbnb who are letting out full homes are displacing what would have been previously used as long-term rental accommodation.
Threshold is waiting for further information to become available in relation to Airbnb before proposing what number of days might suffice.
However, Mr McCafferty said this should be an amount that would dishearten the hosts from wanting to let their complete home and tempt them to use it in the private rental market.