After the consultation carried out last year, the Department for Levelling Up, Housing & Communities has recently announced reforms in the rules for short-term lets.
The aim of these provisions is intended to be twofold:
- To provide councils with a better understanding of the extent to which short-term lets are provided in their area.
- To address concerns that properties let out on this basis are limiting housing options for local residents. The nature of the demand for short-term lets is such that the majority of these properties are concentrated in a small number of council areas.
Read full insight for more detail and key takeaways.