Research finds Airbnb is adding pressure to existing housing crisis in SA

Based on data provided by Airbnb, non-profit activist organisation Nfuna Ukwazi has looked at the effects on rental spaces and considering regulations adopted in other countries.

Researcher at Ndifuna Ukwazi, Julian Sendin, says their research has revealed that Airbnb is putting pressure on the the supply of housing and rental industry.

According to Airbnb data there are over 15 800 units listed on their App in Cape Town, of those, 73% are full buildings/houses (not just listing a room).

Read: Airbnb sees massive growth in the Western Cape

This is having quite an impact on the supply of housing, influencing the price of rental.

Julian Sendin, Researcher at Ndifuna Ukwazi

What is concerning is that the 15 800 units is equivalent to more than the amount of houses produced across the province in a given year. This is a significant amount of houses taken offline for people who are looking for long term rentals.

Julian Sendin, Researcher at Ndifuna Ukwazi

These houses isted on Airbnb are situated in prominent locations where people would love to stay and where there is already a massive strain on the supply of housing, says Sendin.

Sendin suggests a 5% tax on all Airbnb houses like it is done in Amsterdam. He says collecting 5% of the 15 800 units will help the city generate about R80 million which could be used to relieve residents of exorbitant rates.

To hear the rest of the interview on the effects of Airbnb in the Western Cape, listen below:


This article first appeared on CapeTalk : Research finds Airbnb is adding pressure to existing housing crisis in SA


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