Skift Take
Regulating short-term lets may bring rents down marginally, but doesn't change the need for more housing.
The UK Short-Term Accommodation Association (UKSTAA) conducted new research that identified nearly 2 million homes that local authorities consider "deliverable," with as many as 1.5 million of them in the next five years.
Its methodology involved analyzing 294 Strategic Housing Land Availability Assessments, a study which every local authority is required to undertake to give an overview of the potential development sites within its boundary, as well as the government's Housing and Economic Land Availability Assessments.
These city councils are required to regularly demonstrate how they plan to meet local housing needs over the coming five years and beyond.
The research suggests that the 2 million homes would represent a 6% increase in the current housing stock.
The association identified 10 city councils including Birmingham, Leeds, Manchester, Cornwall among others with the largest pipeline of homes, which could deliver over 200,000 homes. The London