The accommodation company said that from next month it would not allow homeowners to let entire properties for more than 90 days a year unless they had proof of planning permission. The cap applies only to London but opens the door for other cities to impose similar rules. In October The Times revealed that an increasing number of landlords were using the website to let their properties on short-term rentals, reducing the stock of housing in the long-term rental market and driving up prices. Almost half of all Airbnb properties are offered by professional landlords. In an email to its customers, Airbnb wrote: “We want to help…

Source: The Times December 02, 2016 00:01 UTC