Investing in a short-term rental can be highly stable and profitable. It’s stable because housing has been one of the most stable asset classes. Also, when you can’t do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rental investment typically is double the amount of traditional rentals. Without further ado, let’s see if Galway is good for Airbnb.
A typical short-term rental listing in Galway is booked for 281 nights a year, with a median occupancy rate of 77% and an average daily rate of €124. In Galway, A typical host income (annual revenue) was €34K in 2023. There are 751 active Airbnb listings as of 2024-04-15. A 77% median occupancy rate is considered a good market to do an Airbnb. Take professional photos of your property, get a few good reviews on Airbnb, then you are likely to make good income.
Best Areas in Galway for Airbnb
Best Areas in Galway for Airbnb Are you wondering where to invest in Galway? Look no further! Here are 10 areas travelers often search for. You can find the short-term rental statistics of all of these neighborhoods from Airbtics! Check out which neighborhood has the highest rental demand. 🚀
Eyre Square
Galway Cathedral
Spanish Arch
Salthill Promenade
Quay Street
Galway City Museum
National University of Ireland Galway
Galway Market
Claddagh
Eglinton Canal
Okay, you might wonder about more specific data. For example, how much can an average listing with 4 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month? Click the below button and check out more in-depth vacation rental data for free.
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