• UK boost for Airbnb
London authorities are to relax letting restrictions, in a move that should boost accommodation sharing sites such as Airbnb and UK rival OneFineStay. Currently, some boroughs in the capital are enforcing rules that prevent short lets, reports the London Sunday Times.
Leglislation from the 1970s will be overhauled, removing the threat of a GBP20,000 fine from homeowners. Some London councils have been targeting Airbnb renters, believing their activities to be potentially illegal.
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