Advertisement

Studying the Spatialities of Short-Term Rentals’ Sprawl in the Urban Fabric: The Case of Airbnb in Athens, Greece

Conference paper
  • 697 Downloads
Part of the IFIP Advances in Information and Communication Technology book series (IFIPAICT, volume 560)

Abstract

This work constitutes a theoretically-informed empirical analysis of the spatial characteristics of the short-term rentals’ market and explores their linkage with shifts in the wider housing market within the context of a south-eastern EU metropolis. The same research objective has been pursued for a variety of international paradigms; however, to the best of our knowledge, there has not been a thorough and systematic study for Athens and its neighborhoods. With a theoretical framework that draws insight from the political-economic views of Critical Geography, this work departs from an assessment of Airbnb listings, and proceeds inquiring the expansion of the phenomenon with respect to the rates of long-term rent levels in the neighborhoods of Central Athens, utilizing relevant data. The geographical framework covers the City of Athens as a whole, an area undergoing profound transformations in recent years, stemming from diverse factors that render the city one of the most dynamic destinations of urban tourism and speculative land investment. The analysis reveals a prominent expansion of the short-term rental phenomenon across the urban fabric, especially taking ground in hitherto underexploited areas. This expansion is multifactorial, asynchronous and exhibits signs of positive relation with the long-term rentals shifts; Airbnb not only affects already gentrifying neighborhoods, but contributes to a housing market disruption in non-dynamic residential areas.

Keywords

Airbnb Gentrification Housing markets Spatio-temporal humanities 

Notes

Acknowledgments

This research work has been supported by the General Secretariat for Research and Technology (GSRT) of the Ministry of Education of the Hellenic Republic, under T1EDK-03470.

References

  1. 1.
    Panhellenic survey for property rentals in 2018 (in Greek). Technical report, RE/MAX, September 2018. https://www.remax.gr/news/485
  2. 2.
    Antonakakis, I., Liapikos, I.: Property market annual report 2017 Greece. Technical report, MRICS, March 2018. https://gr.eurobankpropertyservices.net/-/media/eps/reports/annual-real-estate-report_2017.pdf
  3. 3.
    Barron, K., Kung, E., Proserpio, D.: The sharing economy and housing affordability: evidence from airbnb. In: Proceedings of the 2018 ACM Conference on Economics and Computation, EC 2018, p. 5. ACM, New York (2018).  https://doi.org/10.1145/3219166.3219180
  4. 4.
    Coles, P.A., Egesdal, M., Ellen, I., Li, X., Sundararajan, A.: Airbnb usage across New York City neighborhoods: geographic patterns and regulatory implications. SSRN Electron. J. (2017).  https://doi.org/10.2139/ssrn.3048397
  5. 5.
    Crommelin, L., Troy, L., Martin, C., Pettit, C.: Is airbnb a sharing economy superstar? Evidence from five global cities. Urban Policy Res. 36(4), 429–444 (2018).  https://doi.org/10.1080/08111146.2018.1460722CrossRefGoogle Scholar
  6. 6.
    Gutiérrez, J., García-Palomares, J.C., Romanillos, G., Salas-Olmedo, M.H.: The eruption of airbnb in tourist cities: comparing spatial patterns of hotels and peer-to-peer accommodation in Barcelona. Tourism Manag. 62, 278–291 (2017).  https://doi.org/10.1016/j.tourman.2017.05.003. http://www.sciencedirect.com/science/article/pii/S0261517717301036CrossRefGoogle Scholar
  7. 7.
    Heo, C.Y., Blengini, I.: A macroeconomic perspective on airbnb’s global presence. Int. J. Hospitality Manag. 78, 47–49 (2019).  https://doi.org/10.1016/j.ijhm.2018.11.013. http://www.sciencedirect.com/science/article/pii/S0278431918304882CrossRefGoogle Scholar
  8. 8.
    Horn, K., Merante, M.: Is home sharing driving up rents? Evidence from airbnb in Boston. J. Hous. Econ. 38, 14–24 (2017).  https://doi.org/10.1016/j.jhe.2017.08.002. http://www.sciencedirect.com/science/article/pii/S1051137717300876CrossRefGoogle Scholar
  9. 9.
    Ke, Q.: Sharing means renting? An entire-marketplace analysis of airbnb. In: Proceedings of the 2017 ACM on Web Science Conference, WebSci 2017, pp. 131–139. ACM, New York (2017).  https://doi.org/10.1145/3091478.3091504
  10. 10.
    Lane, J., Woodworth, R.M.: The sharing economy checks. In: An Analysis of Airbnb in the United States. Technical report, CBRE Hotels’ Americas Research (2016)Google Scholar
  11. 11.
    Lee, D.: How airbnb short-term rentals exacerbate Los Angeles’s affordable housing crisis: analysis and policy recommendations. Harv. L. Pol’y Rev. 10, 229 (2016)Google Scholar
  12. 12.
    Rousanoglou, N.: Foreign investor invation in downtown Athens. Kathimerini Newspaper, September 2018. (in Greek). http://www.kathimerini.gr/986258/article/oikonomia/real-estate/eisvolh-ependytwn-sto-kentro-ths-a8hnas
  13. 13.
    Sans, A.A., Quaglieri, A.: Unravelling airbnb: urban perspectives from Barcelona. In: Reinventing the Local in Tourism: Producing, Consuming and Negotiating Place, vol. 73, p. 209. Channel View Publications (2016)Google Scholar
  14. 14.
    Segú, M.: Do short-term rent platforms affect rents? Evidence from airbnb in Barcelona. MPRA Paper 84369, University Library of Munich, Germany, February 2018. https://ideas.repec.org/p/pra/mprapa/84369.html
  15. 15.
    Sheppard, S., Udell, A.: Do airbnb properties affect house prices? Department of economics working papers 2016-03, Department of Economics, Williams College (2016). https://EconPapers.repec.org/RePEc:wil:wileco:2016-03
  16. 16.
    Sideris, S.: Mapping the dominance of airbnb in Athens: the world’s most popular short-term rental platform and how it is affecting our neighborhoods explained visually, August 2018. https://medium.com/athenslivegr/mapping-the-dominance-of-airbnb-in-athens-4cb9e0657e80
  17. 17.
    Slee, T.: What’s Yours Is Mine: Against the Sharing Economy. OR Books, New York City (2015). http://www.jstor.org/stable/j.ctt1bkm65nGoogle Scholar
  18. 18.
    Wachsmuth, D., Chaney, D., Kerrigan, D., Shillolo, A., Basalaev-Binder, R.: The high cost of short-term rentals in New York City. Technical report, Urban Politics and Governance Research Group, School of Urban Planning, McGill University (2018)Google Scholar

Copyright information

© IFIP International Federation for Information Processing 2019

Authors and Affiliations

  1. 1.Department of GeographyUniversity of the AegeanMytileneGreece
  2. 2.Intelligent Interaction Research Group, Cultural Technology DepartmentUniversity of the AegeanMytileneGreece

Personalised recommendations