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Most global cities now have restrictions, and in some cases an effective ban, on short-term rentals. Here are some examples, along with their annual nightly rental cap as I understand them (and by this, I mean what ChatGPT is telling me):
Berlin: Secondary residence rentals are limited to 90 days per year
London: Annual cap of 90 nights
Mexico City: Annual cap of 180 nights
New York City: Only host-present stays allowed
Paris: Annual cap of 120 nights
Rio de Janeiro: Annual cap of 90 nights
San Francisco: Annual cap of 90 nights
Singapore: Minimum stay of 3 months for private properties and 6 months for HDB properties (Singapore's public housing authority)
Sydney: Annual cap of 180 nights
Toronto: Annual cap of 180 nights
These rules and caps will have nuances to them. Like if you want to rent your place on the third Tuesday of a month and your property faces west and has a view of an outdoor terrace with no more than 6 brass bistro tables, you probably require a special license. Okay, this isn't true. But broadly speaking, most cities now have strict caps in the range of 90-180 nights and differentiate between whole-home rentals and host-present stays.
What this, of course, means is that most big cities don't want people operating short-term rentals as a business. They'd like hosts to be people who maybe rent out their place while they're away on vacation and/or offer up an extra room when some conference or event is taking place in town. In other words, cities do not want short-term rentals to negatively impact their supply of long-term rentals.
It's no wonder that Airbnb is investing heavily in both its "experiences" and "services." It has to do this because its core "homes" business is facing significant regulatory headwinds. But what this also means is that the hospitality industry is now shifting toward other solutions — things like aparthotels/serviced apartments. These are purpose-built solutions that typically require commercial zoning.
Globally, the aparthotel segment is expected to be the fastest-growing subset in commercial lodging for the remainder of this decade. And that makes sense. With STR regulations only becoming more stringent and with the continued rise of digital nomadism, the demand for this kind of apartment-like product is going to need to be satisfied in other ways.
There's clearly a market for kitchens, washing machines, and a bit more space.
Cover photo by Aquilion Property on Unsplash
Most global cities now have restrictions, and in some cases an effective ban, on short-term rentals. Here are some examples, along with their annual nightly rental cap as I understand them (and by this, I mean what ChatGPT is telling me):
Berlin: Secondary residence rentals are limited to 90 days per year
London: Annual cap of 90 nights
Mexico City: Annual cap of 180 nights
New York City: Only host-present stays allowed
Paris: Annual cap of 120 nights
Rio de Janeiro: Annual cap of 90 nights
San Francisco: Annual cap of 90 nights
Singapore: Minimum stay of 3 months for private properties and 6 months for HDB properties (Singapore's public housing authority)
Sydney: Annual cap of 180 nights
Toronto: Annual cap of 180 nights
These rules and caps will have nuances to them. Like if you want to rent your place on the third Tuesday of a month and your property faces west and has a view of an outdoor terrace with no more than 6 brass bistro tables, you probably require a special license. Okay, this isn't true. But broadly speaking, most cities now have strict caps in the range of 90-180 nights and differentiate between whole-home rentals and host-present stays.
What this, of course, means is that most big cities don't want people operating short-term rentals as a business. They'd like hosts to be people who maybe rent out their place while they're away on vacation and/or offer up an extra room when some conference or event is taking place in town. In other words, cities do not want short-term rentals to negatively impact their supply of long-term rentals.
It's no wonder that Airbnb is investing heavily in both its "experiences" and "services." It has to do this because its core "homes" business is facing significant regulatory headwinds. But what this also means is that the hospitality industry is now shifting toward other solutions — things like aparthotels/serviced apartments. These are purpose-built solutions that typically require commercial zoning.
Globally, the aparthotel segment is expected to be the fastest-growing subset in commercial lodging for the remainder of this decade. And that makes sense. With STR regulations only becoming more stringent and with the continued rise of digital nomadism, the demand for this kind of apartment-like product is going to need to be satisfied in other ways.
There's clearly a market for kitchens, washing machines, and a bit more space.
Cover photo by Aquilion Property on Unsplash
These are photos of the Blue House — and its siting — in the civil parish of Capelas on the island of São Miguel. Designed by the Portuguese firm Atelier Backlar, the house was completed in 2023 and now serves as a popular short-term rental in the Azores. If you'd like to take a look inside and/or book it, here's the Airbnb listing. Right now it's going for over C$1k per night.
But what's even more interesting about this property is that it once belonged to Bianca's maternal great-grandparents. Her great grandfather was a whaler and so its location on the water beside the Porto das Capelas was naturally ideal for days in the office. This is also where Bianca's grandmother lived prior to emigrating to Toronto in the 60s.
Like a lot of real estate, there's an emotion-filled story that explains why it's no longer in the family. But I do think it's nice that the architects chose to preserve some of the existing walls of the previous house (which they describe as an abandoned ruin on their website). I also think it's cool that it has become one of the most noteworthy examples of modern architecture on the island.
Let's call this the second-best outcome.
We just did a complete overhaul of the landing page for Parkview Mountain House.
If you're a new reader, PMH is Globizen's "creative retreat" in Park City, Utah. We completed it and opened it up for reservations at the end of last year.
If any of you have feedback on the new page, I'd love to hear it. It was a lot of fun rummaging through all of the photos that I have taken there over the years during development and construction.
And as much as I love snowboarding, I also really enjoy visiting during the summer months. It's a close second. This year my plan is to get down there for some road biking.
These are photos of the Blue House — and its siting — in the civil parish of Capelas on the island of São Miguel. Designed by the Portuguese firm Atelier Backlar, the house was completed in 2023 and now serves as a popular short-term rental in the Azores. If you'd like to take a look inside and/or book it, here's the Airbnb listing. Right now it's going for over C$1k per night.
But what's even more interesting about this property is that it once belonged to Bianca's maternal great-grandparents. Her great grandfather was a whaler and so its location on the water beside the Porto das Capelas was naturally ideal for days in the office. This is also where Bianca's grandmother lived prior to emigrating to Toronto in the 60s.
Like a lot of real estate, there's an emotion-filled story that explains why it's no longer in the family. But I do think it's nice that the architects chose to preserve some of the existing walls of the previous house (which they describe as an abandoned ruin on their website). I also think it's cool that it has become one of the most noteworthy examples of modern architecture on the island.
Let's call this the second-best outcome.
We just did a complete overhaul of the landing page for Parkview Mountain House.
If you're a new reader, PMH is Globizen's "creative retreat" in Park City, Utah. We completed it and opened it up for reservations at the end of last year.
If any of you have feedback on the new page, I'd love to hear it. It was a lot of fun rummaging through all of the photos that I have taken there over the years during development and construction.
And as much as I love snowboarding, I also really enjoy visiting during the summer months. It's a close second. This year my plan is to get down there for some road biking.
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