Sadiq Khan demands licensing powers to clamp down on short-term lets

Sadiq Khan demands licensing powers to clamp down on short-term lets

9:30 AM, 20th July 2023, About A year ago 18

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The Mayor of London, Sadiq Khan, is demanding that he be handed powers to tackle London’s rented home supply which is being ‘decimated’ by short-term lets.

Fuelled by the likes of Airbnb, the capital has seen an explosion in short-term lets in recent years.

Figures show that there were 81,272 properties on the Airbnb platform this month for rent – of which 50,401 were entire homes.

The mayor says that one in every 74 London homes is now up for short-term let.

‘Lack of regulation in the short-term letting market’

Mr Khan said: “I am doing all I can to tackle the housing crisis in London, but these efforts will continue to be hampered by the lack of regulation in the short-term letting market.

“Short-term lets play an important role in London’s tourism industry, but that mustn’t come at the expense of Londoners who need a place to live.

“We need transparency about how many properties are being rented out for longer than the rules permit, and accountability to local authorities and residents.”

He added: “This is why I’m calling on the Government to work with me and borough councils to design a licencing system to bring some order to this rapidly growing sector and prevent us losing yet more homes for Londoners to the short-term let sector.”

Enable local authorities to restrict short-term let numbers

Mr Khan believes that the implementation of a licensing system for short-term lets would enable local authorities to restrict short-term let numbers by issuing licenses in their area.

This would ‘avoid entire streets or blocks being turned over exclusively to short-term lets’.

The mayor points to one Westminster residential block in Westminster which has more than 90% of its 118 units available on short-term letting platforms.

And while homeowners are entitled to rent out their homes for up to 90 days a year, the mayor believes that many property owners are breaching this restriction – and boroughs do not have the resources to monitor compliance.

Licensing system would create a ‘financial reward’

Mr Khan also highlights that a licensing system would create a ‘financial reward’ for councils who have seen budgets slashed in recent years.

The mayor is now urging Government Ministers to back his call for new legislation that would compel short-term letting platforms to share data with local and national government.

This would allow decision makers to better understand how the sector is impacting the housing supply and residents.

If implemented, a short-term letting licensing scheme would be following in the footsteps of Barcelona, Amsterdam and Paris.


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howdidigethere

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15:37 PM, 20th July 2023, About A year ago

The answer to society's problems by a failing and totalitarian .gov is always more regulation.

LL 1

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21:01 PM, 20th July 2023, About A year ago

Why does Mr Khan think London is more important than the rest of the country on this subject?
Get a grip or time to go maybe?

Paul Essex

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10:28 AM, 21st July 2023, About A year ago

In short he is more interested in the 'financial reward ' the choice of words makes that abundantly clear.

geester24

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12:10 PM, 21st July 2023, About A year ago

The elephant in the room is that you have a Tory govt and Labour mayor. Central govt is always going to withhold funds and powers from him in case he looks good so he has to tax where he can and look bad. Politics. Boris is pro Ulez when it suits him (he set it up) and anti when he gets a column in the Daily Mail. Politics.

Jessie Jones

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13:56 PM, 22nd July 2023, About A year ago

Reply to the comment left by GlanACC at 20/07/2023 - 11:34
It is not only regulation that has caused the rise in short term lets, but also the threat of ever increasing regulation.
Take for example the demand by Sadiq Khan that he be allowed to introduce rent caps, together with the impending scrapping of Section 21. Any landlord who currently has a property come free, say as the tenant moves on, would be daft not to consider what the best options are. And in the face of the two threats I have just highlighted, using the property as a Short Term Let, immediately takes both of these two risks away.
Just by suggesting that rents should be capped, causes rents to rise as more properties are taken away from the Long Term Lets market.

John Porcella

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23:50 PM, 22nd July 2023, About A year ago

Reply to the comment left by m feroz at 20/07/2023 - 12:49
Khan wants to make these rules to minimise SA properties, where the guests do not vote in London in the main, and to maximise properties for long-term rent, where they can vote in London, mainly. Serving his constituency.

Do I agree with him? No.

John Porcella

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23:53 PM, 22nd July 2023, About A year ago

Reply to the comment left by David Jones at 20/07/2023 - 13:27
You can do the last ninety days of the year and then the first ninety of the New Year, making 180 days straight. The rest of the year could he for a six-term let.

But, how many are running them the whole year?

John Porcella

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23:54 PM, 22nd July 2023, About A year ago

Reply to the comment left by Richard Whybrow at 20/07/2023 - 11:23
How would you do it then?

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