New Proposed Short-Let Rules

Tuesday 29 August 2023

The short-term rental sector has experienced substantial growth in recent years, growing faster than there is supply available. Although there is no single source of data currently available on short-term lets, in a recent analysis from Alma Economics, it is estimated that there were 257,000 short-let properties on the market in 2022!

The Department for Culture, Media and Sport recently ran a consultation regarding registering licenses for short-term lets. The Government proposed an opt-in scheme, which ARLA PropertyMark favours. They suggest that it should be enforced by local authorities in particular areas to ensure a balance between the local tourism industry and the privately rented supply.

Further suggesting that schemes should be optional for local authorities if they can prove that the short-lets in their area have no impact on the privately rented sector.

PropertyMark said, “We have long called for licensing schemes to bring parity between the short-term lettings (STLs) and the privately rented sector. This would ensure STLs meet the same standards as other rented properties.”

Having a regulation scheme in place will ensure safe and high-quality guest accommodation across England whilst providing valuable data to the Government regarding the demand in specific areas. 

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