PHOTO: Airbnb

Property investors are pulling properties from Airbnb to offer as long-term rentals instead.

New Zealand’s tourism industry has come to a standstill as the country responds to the spread of coronavirus.

A spokeswoman for Trade Me said usually 6 per cent of Trade Me rental listings were offered furnished. But since March 14, when the self-isolation rules were first announced, that number had increased to 11 per cent.

“This puts the total number of fully furnished rental listings at double what they were at the time last year,” she said.

“With the pressures we’re seeing on tourism it does suggest that some short-term rentals are being moved into the long-term rental market as investment property owners seek to maintain income – we’ll be keeping an eye on this as it develops.”