Is Airbnb legal in Portsmouth?

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Portsmouth, United Kingdom Airbnb Rules & Regulations

Last updated on: 14th August, 2024

Don’t worry, Airbnb is legal in Portsmouth!
Here are some statistics! As of 14th August, 2024, there are 717 listings available in Portsmouth from Airbnb alone. Places To Be manages 30 listings, while Colin and Stephen operates 20 and 17 respectively. Out of 717 listings, 0% of listings have short-term rental licenses. Most listings are operating without official license. It means short-term rental regulation isn't strictly enforced in Portsmouth.
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Map
Occupancy Rate

62%

£97

Daily Rate

£20K

Revenue (2023)

717

Number of Listings

Short-term Rental Regulation & Rules in Portsmouth

Airbnb Regulations in Portsmouth, Virginia: A Comprehensive Overview for Hosts

In Portsmouth, Virginia, short-term rental regulations are designed to ensure safety, compliance, and accountability among hosts operating on platforms like Airbnb and VRBO. Here's a concise guide on what potential hosts need to understand:

  1. Licensing Requirements:

    • All short-term rental (STR) operators must obtain a Short-Term Rental Certificate of Registration from the City of Portsmouth. This application entails a registration fee of $130, which covers inspection costs.
    • A valid permit is required for each property designated for short-term rental, ensuring compliance with local regulations.
  2. Tax Obligations:

    • Hosts must register their rental business if at least 80% of their gross rental receipts are generated from short-term rentals. They are also required to collect and remit a 1% local tax on such rentals.
  3. Occupancy Limits:

    • The city enforces a maximum occupancy regulation of two guests per bedroom, ensuring that properties are not overly crowded.
  4. Inspection and Compliance:

    • Each registered property is subject to inspection by the city's Building Official or Fire Marshal to ensure that it adheres to established safety and health standards.
    • A hotline and online portal are available for residents to report violations related to STRs, helping to maintain community standards.
  5. Enforcement and Penalties:

    • Portsmouth enforces STR regulations stringently, with serious penalties for non-compliance, including the potential revocation of rental permits for repeated violations of the ordinance.
  6. Community and Cultural Appeal:

    • Portsmouth attracts a diverse range of visitors year-round due to its historic charm, scenic waterfront, and proximity to Norfolk and Virginia Beach. This sustained interest in local tourism underscores the potential profitability of hosting.
  7. Amenities and Expectations:

    • Successful rentals typically provide sought-after amenities such as Wi-Fi, air conditioning, and access to outdoor spaces, catering to the needs of families and larger groups.

By understanding and adhering to these regulations, hosts can set themselves up for success while contributing positively to Portsmouth's vibrant rental market. It’s recommended for prospective hosts to consult resources from the City of Portsmouth and familiarize themselves with ongoing updates that may affect their operations.

Airbnb Statistics in Portsmouth! 🚀

Currently, there are 717 Airbnb listings in Portsmouth, with 39% of entire houses earning up to £2,070 a month. The Average Occupancy Rate in Portsmouth is 62% and the average daily rate is £97. According to vacation rental market data source Airbtics, a 2-bedroom apartment in Portsmouth can make up to £30,611 each year.
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