The impact of Airbnb on residential property values and rents: Evidence from Portugal

被引：30
|
作者：
Franco, Sofia F. [1 ,2 ]
Santos, Carlos Daniel [3 ]
机构：
[1] Univ Calif Irvine, Irvine Dept Econ, 3151 Social Sci Plaza, Irvine, CA 92697 USA
[2] NovaSBE Environm Econ Knowledge Ctr, Campus Carcavelos,Rua Holanda 1, P-2775405 Carcavelos, Portugal
[3] Nova Sch Business & Econ NovaSBE, Campus Carcavelos,Rua Holanda 1, P-2775405 Carcavelos, Portugal
来源：
REGIONAL SCIENCE AND URBAN ECONOMICS | 2021年 / 88卷
关键词：
Property values; Airbnb; Short-term rentals; Regulation;
D O I：
10.1016/j.regsciurbeco.2021.103667
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article quantifies the impact of Airbnb?s short-term rentals on housing affordability in Portugal. We find that on average a 1pp increase in a municipality Airbnb share results in a 3.7% increase in house prices. When zooming our analysis to the main cities of Lisbon and Porto, we find that a 1pp increase in a civil parish Airbnb share leads to a 3.2% price increase. Finally, exploring the spatial heterogeneity of the impact of Airbnb within the two cities we find strong effects localized in the historical centers and areas attractive to tourists. Compared to a low touristy parish, house prices in a high touristy parish increased by 24.3% in 2015 and 32.3% in the 1st quarter of 2016, relatively to pre-Airbnb expansion period (pre-2014Q2).
引用
收藏
页数：22
相关论文
共 50 条
  • [41] The impact of walkable environment on single-family residential property values
    Guo, Yuntao
    Peeta, Srinivas
    Somenahalli, Sekhar
    [J]. JOURNAL OF TRANSPORT AND LAND USE, 2017, 10 (01) : 241 - 261
  • [42] The Impact of Special Flood Hazard Area Designation on Residential Property Values
    Posey, John
    Rogers, William H.
    [J]. PUBLIC WORKS MANAGEMENT & POLICY, 2010, 15 (02) : 81 - 90
  • [43] Understanding the impact of trails on residential property values in the presence of spatial dependence
    Parent, Olivier
    vom Hofe, Rainer
    [J]. ANNALS OF REGIONAL SCIENCE, 2013, 51 (02): : 355 - 375
  • [44] Understanding the impact of trails on residential property values in the presence of spatial dependence
    Olivier Parent
    Rainer vom Hofe
    [J]. The Annals of Regional Science, 2013, 51 : 355 - 375
  • [45] Examining the economic impact of park facilities on neighboring residential property values
    Lin, I-Hui
    Wu, Changshan
    De Sousa, Christopher
    [J]. APPLIED GEOGRAPHY, 2013, 45 : 322 - 331
  • [46] The Impact of the Lagos Metropolitan Development and Governance Project on Residential Property Values
    Onyekwelu, Ezinne Ifeoma
    Ogbuefi, Joseph Ugochukwu
    Nnamani, Obinna Collins
    [J]. PACIFIC RIM PROPERTY RESEARCH JOURNAL, 2022, 28 (02) : 104 - 137
  • [47] The Cost of Convenience: Estimating the Impact of Communication Antennas on Residential Property Values
    Locke, Stephen L.
    Blomquist, Glenn C.
    [J]. LAND ECONOMICS, 2016, 92 (01) : 131 - 147
  • [48] The Spatial-Temporal Impact of Residential Foreclosures on Single-Family Residential Property Values
    Kobie, Timothy F.
    Lee, Sugie
    [J]. URBAN AFFAIRS REVIEW, 2011, 47 (01) : 3 - 30
  • [49] The Impact on Bed and Breakfast Prices: Evidence from Airbnb in China
    Tian, Feifei
    Sun, Fengzhi
    Hu, Beibei
    Dong, Zhitao
    [J]. SUSTAINABILITY, 2022, 14 (21)
  • [50] The impact of parks on property values: A review of the empirical evidence
    Crompton, JL
    [J]. JOURNAL OF LEISURE RESEARCH, 2001, 33 (01) : 1 - 31
12345