CEU Electronic Theses and Dissertations, 2019
| Author | Szabó, Dániel |
|---|---|
| Title | How Airbnb will affect housing conditions in Budapest? |
| Summary | The huge gain in popularity and usage of short-term rental marketplaces (such as Airbnb) created an ongoing debate between residents, property owners and regulators as the conversion of residential housing units to Airbnb listings seem to have effects on housing prices, causing or amplifying other indirect effects such as gentrification and urban transformation. In this thesis I predict the possible effect of Airbnb on rental prices in Budapest for the next 5 years, assuming that the current growth of listings will continue and that the share of Airbnb listings will catch up at least by current Western Europe and US tourist destinations. I combine an agent-based model with a supply-side price elasticity pricing mechanism and predict that overall rental prices in Budapest will increase by 3.21% due to Airbnb. I also show that the most affected districts will be the downtown ones (VI-VII-VIII) and that the spillover and urban transformation effect will cause high rental price increases in the outermost districts, where prices are currently the lowest. |
| Supervisor | Zawadowski, Ádám |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2019/szabo_daniel.pdf |
Visit the CEU Library.
© 2007-2021, Central European University