‘City of Airbnbs’ has seen country’s highest house price rise

‘City of Airbnbs’ has seen country’s highest house price rise


Todays other news
The Renters Rights Act is the number one worry for...
The business will continue to operate from its existing premises...
The Act comes into effect next week...
Tenancy deposit protection scheme SafeDeposits Scotland has added four CRMs...
Investor-specialist agency launches 11th branch in new territory


House prices in York – where the local MP is leading an onslaught on the proliferation of short lets – have risen more than anywhere else in England and Wales.

Figures from the Halifax show that prices in York grew by 23.1 per cent in just a year – or £69,648 on average in cash terms, to a typical £370,639. Since March 2020, when the Coronavirus lockdowns started in the UK, average house prices in York have risen by 41.9 per cent or £109,457.

Woking in Surrey and Swansea ranked second and third for the scale of increases in 2022, while the weakest annual growth was in Leicester and Hull. 

York Labour MP Rachael Maskell says a surge in the number of stag and hen parties in her constituency – undertaken by people staying in Airbnbs and other short let properties – have led to “devastation” in the city.

Just before Christmas Maskell moved a Bill in the House of Commons calling for greater council-level regulation over Airbnbs and other short lets.

The Bill – if it gets through Parliament – backs the Scottish licensing model, enabling local authorities to set up control zones to limit the expansion of holiday lets where housing is under pressure.

It would also give councils new powers to close down short lets that are causing a repeated nuisance to local residents, and returning these homes to families.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Agents want “balance” as rental controls hit legal hitch
Four changes to how Airbnb-style short lets are managed, are...
Agents want “balance” as rental controls hit legal hitch
Agents are being advised by Propertymark to “act now”...
Agents want “balance” as rental controls hit legal hitch
A special council committee meeting in January will focus on...
Guest Blog: The under-the-radar news that shows property tax risks 
The tax would be imposed on Airbnb-style short lets and...
LRG - the former Leaders Romans Group - is issuing...
The sheet must be given to tenants by May 31...
The Renters Rights Act comes into effect on May 1...
Recommended for you
Latest Features
The Renters Rights Act is the number one worry for...
The business will continue to operate from its existing premises...
The Act comes into effect next week...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.