Using machine learning to estimate the heterogeneous impact of Airbnb on house prices: Evidence from Corsica

Daniel Brunstein, Georges Casamatta and Sauveur Giannoni

Journal of Housing Economics, 2025, vol. 67, issue C

Abstract: This study investigates the influence of Airbnb on property prices in Corsica. Leveraging machine learning techniques, we obtain more robust results than those achieved with conventional methods and uncover heterogeneous effects of Airbnb on property values. Our analysis reveals that a 1% increase in Airbnb listings leads to an average 0.21% rise in house prices. Interestingly, this effect is more pronounced in economically less developed regions, such as inland municipalities and remote seaside resorts, compared to traditionally popular tourist destinations and urban areas.

Keywords: Short-term rental; Housing market; Machine learning; Heterogeneous effects (search for similar items in EconPapers)
JEL-codes: C51 R31 Z30 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jhouse:v:67:y:2025:i:c:s1051137725000038

DOI: 10.1016/j.jhe.2025.102044

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