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Post date: Sep 25, 2017 4:8:28 PM
Cities around the world are claiming that Airbnb is causing the price of houses to increase, driving locals out of the city center to move to cheaper places. As seen in the figure below, since 2014 the price per square meter in Amsterdam has risen from 3,380 euros to 4,930 euros.
Figure 1: Price per Square Meter from 2014 to 2016
While this statistic doesn’t prove that Airbnb is the cause of housing price increase, a study done in Florida showed that houses in areas that allowed Airbnb cost almost double the houses in areas where Airbnb was banned (Litvak).
Litvak, J. (2016). Could helpful short-term rental platforms be negatively affecting the housing market?
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