Airbnb is set to rigidly enforce a ban on its London users renting out their homes for more than 90 days a year without consent.
Airbnb is taking the action to address concerns that some of its users were abusing the system and worsening housing demand in the capital.
The firm will bring in the rule in Spring 2017.
British Property Federation director of policy Ian Fletcher says: “We are delighted to see this announcement, which is something we and many others have been calling for.
“Airbnb’s co-operation in enforcing the 90-day rule is the missing link in ensuring that planning law is abided by in the capital. The company has made a very sensible decision that it should assist in that and in so doing follow good corporate practice, rather than face persistent PR damage.
“Airbnb provides an excellent platform for Londoners seeking to let out their homes temporarily, and the continuation of this has never been at stake. Rather, this change will help curb the increasing number of companies abusing the law and letting London’s homes out as permanent hotel rooms.”