Quarter of landlords consider short lets but only 3% have done it
Some 24 per cent of landlords have considered letting out their properties on a short let Airbnb-style basis – but only three per cent have actually done so.
Research by the National Landlords Association – based on a relatively small sample of 494 respondents in the final quarter of last year – suggests that 76 per cent of landlords have not even considered short lets.
The NLA says short-term lets range in length from one night up to around six months, and have increased in popularity enormously in recent years following the success of companies such as Airbnb and HomeAway.
However, landlords who go down the short lets route can find themselves in breach of mortgage terms and can invalidate their existing insurance policy.
Even so, some parts of the UK appear to be bucking the trend.