I beg to move,
That leave be given to bring in a Bill to require certain persons or organisations to share specified data relating to the short-term letting of accommodation with regulatory authorities; to amend the Data Protection Act 2018 in connection with that requirement; and for connected purposes.
I am honoured to represent the Cities of London and Westminster in the heart of London; it is a truly unique constituency in a number of ways. How many can say that they have the Tate Britain, Ronnie Scott’s and Abbey Road Studios in their patch? How many can boast 78,000 businesses and 2 million jobs? How many can point to having been the home for a unique wealth of historical figures, such as Mary Seacole, Millicent Fawcett and Olaudah Equiano? However, this centrality comes at the cost of one of the most competitive housing markets in the world, where long-term residents are forced to compete against commercial real estate, luxury developers and foreign oligarchs.
Chief among the forces hollowing out our communities is the unchecked proliferation of short-term letting hosts on Airbnb, Booking.com and other sites. These individuals turn our homes into hotels, our communities into commodities, and our neighbours into night-time nuisances. My inbox is full of such stories: fire services being called because of guests leaving cookers on; families with children being kept up with drug-fuelled James Bond-themed parties taking place right next door night after night; and even organised crime outfits renting out apartments for a weekend to harass Londoners, snatching phones and wallets before leaving with their ill-gotten gains.
Amidst this bad behaviour is the flagrant breach of the London-wide regulation that short lets can operate for no more than 90 nights per year without planning permission. This is operationally impossible to enforce because of how difficult it is to get accurate information on how many nights a short-term let is being used. In some parts of my constituency, as many as 30% of homes are being used as short-term lets, in the process making the homes that are left less affordable for long-term residents. Research from King’s College London shows that doubling the density of short-term lets is associated with an 8% growth—or more than £4,500 per year—in per-bedroom rental prices. This overheated housing market has become unaffordable for locals and hollowed out communities like those in the west end, which was historically the beating cultural heart of London, home to William Blake, Shelley and Constable. The average one-bed flat in Soho costs £2,400 a month to rent privately, That is over double what it would have cost at the turn of the millennium. At the same time, average prices have tripled from £300,000 to nearly £1 million.
When non-residential forces crowd into a residential market, it is working people who are the losers. It is no coincidence that Soho’s population has shrunk by two thirds over the same time period and that the knock-on effects of these changes are felt. Since my election, I have had to fight for institutions used by local residents, including schools and community facilities such as the Jubilee Hall gym and the Central YMCA, to stay open, and frequently their landlords have complained about a lack of footfall.