The effect of short-term rental platformns on rental prices: Evidence from Airbnb in Berlin

This article investigates the effect of short-term rental platforms on the housing market, using the explosive growth of Airbnb experienced in Berlin as a case study. To identify a causal effect, I exploit the structure of Airbnb in Berlin and combine a hedonic housing model with a Triple Difference-in-Difference approach. The analysis of six hundred thousand apartments shows that rapid growth of professional Airbnb listings has lead to a three percent increase in asking rents in city districts with high Airbnb concentration.