(MENAFN- The Peninsula) Airbnb will impose a 90-day limit on the sharing of private homes in London, the home rentals website has revealed amid fears over the British capital's housing market.
The online lettings firm announced the move on Thursday after studying its impact in London and elsewhere, adding it would also enforce a 60-day limit in Amsterdam. In addition, the San Francisco-based company pledged to remove "unwelcome" commercial operators in London under plans that will be in place by spring 2017.
"We are announcing a change to our platform that will introduce new and automated limits to help ensure entire home listings in London are not shared for more than 90 days, unless hosts confirm they have the required permission to share their space more frequently," Airbnb said in a statement.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.