Report Activities of the Real Estate Market Advisory Group, 2020-2021 - REM Paloma Taltavull Chair of the REM - UNECE
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- REM
Report
Activities of the Real Estate Market
Advisory Group, 2020-2021
Paloma Taltavull
Chair of the REM
Geneva, 8th October, 2021
82th Session of the committee on Urban Development Housing and Land
Management
- REM
Mandate
• ECE/HBP/2020/9
• 1. The Real Estate Market (REM) Advisory Group supports the
Committee and the Working Party on Land Administration
in the implementation of their programmes of work.
• 2. The Advisory Group assists the Committee and the Working
Party on Land Administration to develop stronger and more
sustainable housing real estate markets and smart sustainable
cities; the Advisory Group reports to both bodies.
- REM
Program Work activities
(ECE/HBP/2020/9)
• Activities to be developed during 2021-22:
a) Organize international workshops and side events that will promote the implementation of the
Committee’s and the Working Party's programmes of work and the dissemination of information
about the Committee’s and Working Party's activities, including on the Geneva UN Charter on
Sustainable Housing;
b) Prepare studies under the above-mentioned thematic priorities;
c) Support the dissemination of information about the Committee’s and Working Party's activities,
including on the Geneva UN Charter on Sustainable Housing, through presentations at
international meetings, and the preparation of articles in books, journals and mass media, including
social media.
d) Participate in the Committee’s activities on energy efficient and affordable housing,
especially in support of the Economic Commission for Europe “#Housing 2030: Improving
Housing Affordability in the UNECE region” study and the ECE Joint Task Force on Energy
Efficiency Standards in Buildings;
e) Provide input into the Committee’s activities on smart sustainable cities, including the
development of smart sustainable city indicators and standards, the preparation of smart
sustainable city profiles and cities action plans1. The REM Advisory Group members will
participate in related events and capacity building workshops and will also support the ECE
secretariat with fundraising for future activities under this topic. They will also participate in
activities of the Initiative “United for Smart Sustainable Cities”.
- REM
The activities programmed
for 2019-2020 have been
fulfilled
Programme of activities
during 2020-2021
- REM
Activities during 2020-2021
• Studies and Guidelines publications:
• International Fire Safety Standards: Common Principles” ,
• published on 2020
• Gary Strong
• Guidelines on tools and mechanisms to finance Smart Sustainable Cities projects.
A U4SSC deliverable
• Raul Garcia
• Housing 2030 – Improving Housing Affordability in the UNECE region
• Kat Grimsley
• Sharing Economy and its effects on housing markets
• Paloma Taltavull
• Other contributions to UN public reports:
• Compendium of Practices on Innovative Financing
- REM
Programme 2019-2020
• Role of consultancy and committees participation:
• Housing 2030,
• Case Studies contribution
• Section preparation and writting
• Forum of Mayors
• Smart and Sustainable Cities – U4SSC
• Thematic Group on Innovative Financing Instruments for Smart
sustainable Cities
• Compendium of Practices on Innovative Financing
• Joint Task Force on Energy Efficiency Standards in Buildings
• Co-Chair: Irena Perfanova
• Active participation in UN seminars, sessions and meetings
- REM
Programme 2020-2021
• REM online Seminars Series
• Short seminar series (40-60 minutes) about specific topics,
• 4pm – 5,30 pm
• Schedule:
REM Organizer Title of Event Month/year
Brian Emmott and Gary Strong REM workshop: "Safety at Home" 23_06_2021, DONE
Nuria Raga Technology for urban planning. The case of Cypeurban November 2021
Irena Perfanova, Paloma Taltavull, Nikolaos REM WORKSHOP ON SUSTAINABILITY/DECARBONIZATION
Triatafyllopoulos, OF BUILDINGS November 2021
Michele Giambonini and Elizabeth C. Belenchia "Living the Green Experience", Duplicable Sustainability Feb_2022
REM - Paloma Taltavull Short term rental market in Europe' March 2022
Raul garcia Innovating financing Apr 2022
Donovan D. Rypkema Heritage conservation policies and SDGs targets. May, 2022
Conor O'Toole Housing Affordability June, 2022- REM Sharing economy study: the role of short-term rental market on housing market
- REM
Objective and aim
• Clarify the role of sharing economy activities in housing markets
and potential typology
• Co-housing
• Short-term rental market
• Explore datasets to define the dimensions of sharing activities in
housing markets
• Answering several questions:
• How many houses are used in sharing housing activities?
• Are they peer-to-peer or business?
• Does it have economic, social and legal implications?
• Only in the short-term rental market, using one large dataset of free
Access.- REM
Analysis
• Full datasets of 43 European cities
• Data combination using
• Eurostat (City Audit), for structural housing market features
and
• AirBnB data, for short-term rental market both from demand and supply
• Allows to know:
• Size the short-term rental market (STRm) in each housing market
framework… % of housing used in STRm
• People hosted in STRm … % of total city population (density)
• Type of owners: P2P or Business hosts…and their market quota
• Market speed to close deals… market turnover or housing rotation
• Price of rents: level, dynamics and hot-spots of rents.
• Gross wealth generated to the city.- REM
Analysis results
• STRm uses around 7% of the total housing stock on average, ranging from 1%
to 20% (but some very touristic locations)
Properties short-term rented as a percentage of
Valencia
Vienna
housing stock*
Venice
Trentino
Stockholm
Sicily S2=2018 only
Seville
Rome
Puglia-Bari
Prague
Porto
Paris S1=all conventional units from
Oslo
Naples
Milan 2015 to 2019
Menorca
Majorca
Malaga
Madrid
Lyon
London
Lisbon
Istanbul
Manchester
Girona
Ghent
Geneva
Florence
Bilbao
San Sebastian
Edinburgh
Dublin
Copenhagen
Bristol
Brussels
Bordeaux
Bologna
Berlin
Bergamo
Barcelona
Athens
Antwerp
Amsterdam
0 5 10 15 20 25 30 35 40 45 50 55 60 65
*% over conventional dwellings, Census 2011
Source: Authors' calculation based on data from Eurostat and Airbnb- REM
Analysis results
• STRm generates a significant % of the transient population measured relative
to registered city citizens. The average is 21,8%, ranging from 1% to 53%.
• Main locations focused on tourism shows higher %
• In larger cities, the transient population ranges from 8 to 18% of the registered citizens..
Transient population accomodated in short-term rental
160 market, 2018.
(% of total residents, Census 2011) 138.4
140
120 % of city residents, 2018
100
80
60 51.8 52.4
39.4 36.4
40 34.2
31.0
26.0 27.3 27.4
17.8 19.1
20 14.3 14.6 16.0 13.1
10.3 12.4 11.5 12.0
7.0 4.7 8.1 9.6 6.7 5.1 7.1 6.6 3.8 8.6 7.9 7.0 7.2
4.7 3.5 2.6 1.1 3.3 2.2 2.1
0.3 1.11.0
0
Lyon
San Sebastian
Bordeaux
Menorca
Puglia-Bari
Lisbon
Madrid
Seville
Oslo
Malaga
Amsterdam
Naples
Venice
Bristol
Stockholm
Brussels
Antwerp
Bergamo
Ghent
London
Sicily
Berlin
Majorca
Paris
Athens
Florence
Dublin
Copenhagen
Geneva
Girona
Trentino
Milan
Valencia
Porto
Prague
Edinburgh
Rome
Vienna
Barcelona
Bologna
Bilbao
Manchester
Istanbul
Source: InsideAirbnb and Eurostat- REM
Analysis results
• Most hosts manage one unit, but 23,2% of the total units are
under the management of the large hosts.
• 1/4th of the market is business-oriented on average
Number of properties managed by hosts by
size
(Avg. of 43 location' units)
1
8.047,45
2-5 16.165,57
11.247,36
>5
Source: Author's work based on insideairbnb.com database
• Large variations between cities- REM
Analysis results
• Business oriented are locations highly focused on tourism or
second residence área, PLUS Prague.
Peer-to-Peer short-term rental activity. Market quota for business
70 orientation
(% of dwellings managed by hosts with more than 5 properties)
60 58.5
55.3
Market quota for business-oriented hosts 52.5
50
43.9
42.0 42.1 42.1
39.7
40 37.8
35.5
33.4 34.2
30.7 31.3
29.3 29.9
30 27.7
27.1
23.1 23.9
22.1 22.6
20 18.1 17.5 18.7
16.1 1 7.2 16.6
15.3 1 5.2
14.8 14.6
12.7 13.8
12.4 11.8
9.3
10 7.7 7.3 7.8
6.3 6.0 5.96.0
2.9
0
Lisbon
Oslo
Vienna
Istanbul
Seville
Berlin
Geneva
Porto
Milan
Stockholm
Brussels
Menorca
Ghent
Venice
Rome
Majorca
Antwerp
Bristol
Dublin
Madrid
Naples
Puglia-Bari
Alicante-prov
Bilbao
Sicily
Bordeaux
Florence
Barcelona
Bologna
Girona
Paris
Trentino
Bergamo
Edinburgh
Malaga
Valencia
Amsterdam
Castellón-prov
Copenhagen
Athens
San Sebastian
London
Lyon
Prague
Manchester
Source: author calculations, based on data from Insideairbnb.com- REM
Analysis results
• Rental prices (in euros, listed) falls around 90 and 106
euros/night on average.
Short-term rental market. Prices, average and by
property type
(euros/day)
140
122.53
Short-term rental prices by typology in 43 cities
120
105.29
97.81
100
250 (euros/day/property)
80 68.83 Price of an entire home
70.23
60
Price of a private room
53.51
200
40
Price of a shared toom
20
150
0
Avg price Price Price Price of an Price of a Price of a
entire home private room shared toom
Average Av 2015-2017 Av 2018-2019 100 Average 2015-2019
Source: Author's work base on data from insideairbnb.com (listing and calendar files)
50
• Large differences 0
Source: Author's work, based on Insideairbnb.com database- REM
Analysis results
• Hot-spots of rental prices in the city centres.
• Amsterdam Barcelona Berlin
• Rome Prague Valencia- REM
Analysis results
• STRms strongly contribute to the city wealth
• Avg of 1.2% of the GDP at province level- REM
Thanks for your
attention
Paloma Taltavull
REM ChairYou can also read
