The impacts of Airbnb in Athens, Lisbon and Milan: a rent gap theory perspective

This chapter aims to ascertain the relationship between temporary accommodation platforms such as Airbnb and trends in the urban housing market in Portugal, Italy and Greece in the aftermath of the 2007–2008 Global Financial Crisis. The phenomenon of Airbnb in PIGS countries following the 2007–2008 Global Financial Crisis is gaining momentum. Relevant for the purpose of this study are the works of Cocola-Gant and Gago in Lisbon and Aguilera et al. in Milan. The chapter looks at overt forms of power and lobbying in key episodes of governance. It compares the regulatory framework for temporary accommodations in the aforementioned cities to ascertain relevant similarities. The literature addresses episodes of governance regarding Airbnb through either one of Lukes’ three dimensions. Looking at the overt forms of power, Airbnb has spent considerable resources in lobbying efforts, especially in objecting regulations that could inhibit or set a cap on short-term rentals.