`Out of control`: one in 50 homes in London a short-term let
(The Guardian Money News)

Councillors criticise trend `at a time when almost one in 50 Londoners is homeless´Short-term lettings through Airbnb and other online platforms are `growing out of control` in London with up to one in 50 of all homes now estimated to be available, town hall bosses have claimed.The spread of short term lets is encouraging antisocial behaviour and criminality with residents increasingly complaining about them being used as party houses and for prostitution and drug dealing, councils in the capital said. They believe it is pushing up rents and reducing the availability of homes for the rising number of households who are temporarily homeless, which in England hit 56,280 last year - the highest level since 2010. Continue reading...