Manhattan, which accounted for 52 per cent of all New York City Airbnb listings in 2016, saw average rent increases of 19 per cent a month. Photo: EPA

With Airbnb listings squeezing New York condo rents, it just makes sense to buy instead

Airbnb listing have caused rents in some neighbourhoods of New York to surge by as much as 63pc, while prices have fallen by almost 8pc on rising inventory

Topic |   International Property

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Manhattan, which accounted for 52 per cent of all New York City Airbnb listings in 2016, saw average rent increases of 19 per cent a month. Photo: EPA
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