Airbnb and rental markets: Evidence from Berlin

Tomaso Duso, Claus Michelsen, Maximilian Schaefer and Kevin Ducbao Tran

Regional Science and Urban Economics, 2024, vol. 106, issue C

Abstract: We exploit the differential responses of Airbnb hosts to two distinct policy interventions in Berlin to shed light on the optimal design of policies targeting short-term rental platforms to mitigate rental market inflation. The first intervention, which affected commercial listings, significantly impacted long-term rental markets, unlike the second intervention, which mainly affected non-commercial listings. Leveraging these policy variations, we estimate the marginal impact of Airbnb on rental supply and rents. Each additional commercial Airbnb listing displaces 0.23 to 0.37 rental units and increases rent per square meter by 1.3 to 2.4 percent. This underscores the importance of targeting commercial listings when regulating short-term rental markets.

Keywords: Short-term rental regulation; Sharing economy; Rents; Housing market; Airbnb (search for similar items in EconPapers)
JEL-codes: R21 R31 R52 Z30 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:regeco:v:106:y:2024:i:c:s0166046224000310

DOI: 10.1016/j.regsciurbeco.2024.104007

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