Campaigners argue that the proliferation of short-term lets (STLs) in London is worsening the housing crisis, with one in 32 homes being used as holiday rentals. The London Renters Union highlights that this trend benefits wealthy landlords, leaving ordinary residents facing high rents and homelessness. New research shows 117,000 properties in London are STLs, and enforcement against illegal rentals is challenging for councils due to resource limitations. Advocates call for stronger government action to protect affordable housing and limit short-term lets to balance the needs of residents and tourists.
While landlords get rich from this lucrative market, ordinary Londoners are forced to pay extortionate rents and face the threat of homelessness.
Data from the GLA estimates at least 1 in 10 short-term lets in the capital exceed the 90-day limit. The reality is likely to be far higher.
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