Repair, maintenance and improvement work is a key investment for short-term landlords, according to a new report.

The Federation of Master Builders researched the spending patterns of landlords who use short-term holiday rental sites, such as Airbnb.

It found that 40% spend the money on home improvement work, which Brian Berry its Chief Executive, said could explain why small construction firms are reporting strong growth in domestic refurbishment despite the uncertainty of Brexit.

Results also showed that 3% of the British homeowners surveyed rented out their homes on these types of websites, and a further 16% of homeowners surveyed said they would be interested in doing so.

Berry said that this would equate to more than 3.5 million additional properties if it applied to the general population of Britain.

He added: “Airbnb says that, globally, it gains 14,000 new landlords each month on its own platform alone.

“If this trend continues, and if homeowners remain committed to investing the extra cash in repairing and maintaining their properties, rather than blowing the money on cars and clothes, it will stand the construction industry in good stead in the future.”