How your neighbor’s Airbnb rental can affect your property values …


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I’ve been scouring the Internet (without success), looking for data regarding whether short-term rentals (STRs, e.g., Airbnb, HomeAway, etc.) increase or decrease property values in the areas around them, as well as whether home buyers are more likely to pay more for a home that can be rented as an STR. It would be great if you could look into this. There is a major debate about this in my condo community, as well as in Austin where I live.

Short-term rentals are of increasing concern to homeowners, real estate agents, local communities, and the National Association of Realtors (NAR). At the 2016 Realtor Legislative Meetings in in May, a panel of industry experts spent 90 minutes discussing whether short-term rentals infringed on property rights.

According to a news release published after the event, co-moderator Christopher McElroy, a Realtor from Colorado and

... read more at: https://www.washingtonpost.com/news/where-we-live/wp/2016/09/07/how-your-neighbors-airbnb-rental-can-affect-your-property-values/