• The rental market in Belfast provides a ton of investment opportunities for those looking to invest in short-term lets and student housing. Simply by listing their property on Airbnb, many hosts were able to generate a nice passive income.
• With the aid of the advanced tool Airbtics, we were able to pinpoint Belfast’s top buy-to-let areas. Among other datasets, we also feature the best property types you can buy, along with their gross rental yields and potential annual revenue.

Introduction

Located on the banks of the River Lagan on the east coast lies majestically the vibrant capital of North Ireland. The city is widely known for owning one of the most beautiful sceneries of Ireland as well as for its well-preserved and fascinating historical buildings and its lively nightlife.

With its wide range of attractions and intriguing history and diverse culture, Belfast is undeniably an exciting place that everyone should visit at least once in their lifetime. Moreover, Belfast presents plenty of real estate investment opportunities to investors aiming to obtain a good return on their investment.

But before embarking on this journey, you should conduct in-depth research and establish clear goals to make well-informed decisions that will guarantee your investment success. This is an important factor that shouldn’t be overlooked, especially if you want to invest in a top Airbnb location in the UK like Belfast. 

In this article, we will discuss some of the important aspects that should influence your decision to invest in a rental property in Belfast as well as the best locations for buy to let investments.  Have we piqued your curiosity? Continue reading if so!

Top reasons to invest in the Belfast rental market

Belfast is a friendly city that offers plenty of opportunities that can easily entice real estate investors. Yet, it’s always a good idea to take into account the advantages that the real estate market can offer for property investors. This way, they can obtain a better understanding of the city’s rental situation.

Some of the benefits of purchasing a buy-to-let property in Belfast include:

• Strong rental demand

Given that Belfast has a growing population, a great student community and is a popular tourist destination, investors can expect a high demand for rental property. Moreover, we should highlight that Belfast is one of the most recommended cities to start an Airbnb business in the UK. This, along with the real estate market’s affordability, allows investors to obtain a consistent rental income as well as achieve attractive rental yields. 

• Stable economy with a solid job market

As one of the fastest-growing cities in the UK, Belfast enjoys a resilient and diverse economy with a plethora of job opportunities. On top of that, the city is home to several high-growth companies that attract professionals to the city.

The economy is sustained by diverse sectors, including manufacturing, financial and professional services, cyber technology and creative and digital industries. With its stable economy, Belfast presents attractive possibilities for businesses, investors and workers alike.

• Great living conditions 

Without a doubt, Belfast is an enticing city that anyone would like to call home thanks to its friendly community and amazing living conditions! The city owns a vibrant cultural scene, an appraised education system, modern healthcare facilities, a dynamic economy and low unemployment rates. In addition, Belfast has a well-connected transportation network which makes it easy to navigate the city and explore other parts of Northern Ireland. 

And if that’s not enough, the cost of living in Belfast is relatively low when compared to other large UK cities. Thanks to this, investors can potentially obtain higher returns on their investments while also stepping into the market at a lower cost.

• Plenty of things to do

If you’re someone who is interested in history, then you will love Belfast because this city is steeped in a rich historical and cultural heritage. The city blends its old charm of Victorian architecture with its modern urban development perfectly, creating a fascinating surrounding to be admired. Additionally, Belfast presents a thriving arts and entertainment scene, with a variety of theaters, art galleries, and cultural festivals.

Furthermore, Belfast is renowned for its stunning natural landscapes, including the nearby Mourne Mountains and a picturesque coastline. So nature lovers need not worry as they will have plenty of striking sites to engage in outdoor activities like hiking and biking since they’re all within a short distance from the city center.

Is Airbnb profitable in Belfast?

Wondering if owning an Airbnb property in Belfast is profitable? No need to worry! Airbtics confirms that this is a great idea because some areas within the city can generate a steady rental income.

Let’s dive deeper into Belfast’s Airbnb market – based on Airbtics’ STR profit calculator, hosts can generate an average revenue of £45,435 with a median occupancy rate of 97% for operating a 1-bedroom apartment in Belfast.