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100 _aAyouba, Kassoum
_956525
245 _aDoes Airbnb Disrupt the Private Rental Market An Empirical Analysis for French Cities
260 _bSage,
_c2020.
300 _aVol 43, Issue 1-2, 2020( 76–104 p.)
520 _aThis article evaluates whether Airbnb rentals affect the rents in the private rental sector in eight cities in France. We estimate a hedonic equation for each city on individual data for apartments, allowing for heteroscedasticity and spatial error autocorrelation of unknown forms and using a large variety of structural and contextual characteristics of the apartments. We show that the density of Airbnb rentals puts upward pressure on rents in Lyon, Montpellier, and Paris, whereas it has no significant effect in other cities. If we restrict the analysis to the professional business of Airbnb rentals, which we define as the lodgings owned by an investor who rents either several “entire home” dwellings (regardless of the number of days) or an “entire home” dwelling for more than 120 days a year, we find a greater effect, which concerns only the two largest cities of France, that is, Marseille and Paris. When we focus on new tenancy agreements, the impact is even higher and concerns Paris, Marseille, and Montpellier. The impact of the Airbnb activity on rents is shown to increase with the proportion of owner-occupiers and decrease with hotel density, both in Montpellier and Paris. However, the share of second homes leads to contrasting effects.
700 _aBreuille, Marie-Laure
_956526
700 _aGrivault, Camille
_956527
700 _aGallo, Julie Le
_956528
773 0 _011129
_917016
_dSage, 2019.
_tInternational regional science review
856 _uhttps://doi.org/10.1177/0160017618821428
942 _2ddc
_cEJR
999 _c14101
_d14101