1/100 UK properties is an (Airbnb) short let of some sort. But I don't buy that a few highly-leveraged people panic-selling their portfolios is going to bring d

1/100 UK properties is an (Airbnb) short let of some sort. But I don't buy that a few highly-leveraged people panic-selling their portfolios is going to bring down house prices at all. Even if that caused some _local_ downward pressure on house prices, why would that affect the demand for short lets? It might reduce the supply, so local room rates would go up. The remaining owners would have a lower-valued asset producing higher returns - a better return on a percentage basis, and in cash. Few people holding cash-generating property will be pushed into selling by a dip; lots of them will have held through 2007-14. Property value as investment is (still) a bit of a religion here. Councils and national regs have far more potential to dent Airbnb numbers (e.g. I'd guess we'll see sales tax added on nationally by the next government). But I don't see the political will anywhere yet, even in places like Edinburgh and London that have unusual regulation.