Category: Blog posts

Best Places to Invest in Airbnb in Fuerteventura in 2023

Post author By Magdalena Jara
Post date May 30, 2023

best places to Airbnb in Fuerteventura

Key Takeaways

• With a strong tourist market, good living conditions, and low cost of living, rental properties in Fuerteventura offer the possibility of generating a nice passive income.

• Learn about the reasons why Fuerteventura can be considered a profitable investment market for property investors.

• Find out the top rental markets in Fuerteventura – we also feature their recommended property type and Airbnb data.

Introduction

If we make a list of destinations that can be considered a little piece of paradise, then we can’t avoid mentioning the Canary Islands. The Canaries is home to exotic islands composed of dramatic natural habitats and a fascinating historical legacy. Among the islands, we can find Fuerteventura, a declared biosphere reserve by UNESCO.

Fuerteventura can be described as a land with a dazzling allure, capable of making anyone fall in love with its surroundings. The island is home to a variety of places of interest that feature something for everyone!

Did Fuerteventura rental market by any chance catch your attention? It’s understandable considering the island offers a good level of profitability, but first things first: some important factors should be taken into account! Thus, researching the most lucrative towns to invest in Fuerteventura is an essential step. And we are here to contribute our grain of sand!

In this article, you’ll find the best places to Airbnb in Fuerteventura as well as their respective Airbnb dataset. We also feature some of the top reasons why you should consider investing in a rental property on this island. Did we catch your attention? Then continue reading to learn more!

Reasons to Invest in Fuerteventura real estate

Owning investment properties in Spain, particularly around Fuerteventura, not only offers promising experiences to hosts but also a nice source of income. Yet, you must be wanting to know what kind of advantages can Fuerteventura’s towns offer to real estate investors.

Check out some of the reasons why buying a property to rent out in Fuerteventura can turn into a profitable business:

Amazing living conditions

If you want to experience a laidback lifestyle amidst alluring natural landscapes and pleasant weather conditions, then Fuerteventura is indeed an island made for you! With efficient infrastructure and a good transport system, it’s quite easy to travel across the island and even visit other destinations.

Fuerteventura is a fascinating place where you can explore almost every corner of the island freely while breathing tranquility and feeling at ease thanks to its low crime rates. Additionally, the island offers a stable labor market, especially in the tourism sector.

Low cost of living

In addition to providing a good quality of life to its residents, Fuerteventura also offers a low cost of living! Prices for daily expenses, leisure activities, and even real estate are quite affordable. As a matter of fact, a house or an apartment in Fuerteventura is fairly cheaper compared to other real estate markets in the Canary Islands.

Considering that you will have the advantage of doing a low upfront investment, investing in Fuerteventura can be deemed as a great opportunity, especially if you have a tight budget. For instance, the average housing price in Caleta de Fueste is €116K and €195K for properties in Corralejo. Hence, you can easily find a cheap property in Fuerteventura!

Bonus: The Canary Islands offers one of the lowest tax rates in Europe, with only 7% of the added value of the product.

Discover this majestic island!

It’s a given fact that Fuerteventura is a small piece of paradise in the Atlantic Ocean that provides plenty of lively adventures to visitors. Its municipalities are home to diverse treasures of natural beauty, from striking coves and beaches to charming towns with a fascinating cultural heritage.

Fuerteventura is an island with an important historic and cultural legacy, which can be discovered through a variety of meaningful monuments and interesting museums.

On the other hand, the island is also widely known as a land of volcanoes with beaches and arid environments that encompass a broad range of breathtaking landscapes. In fact, Fuerteventura is the perfect destination for outdoor lovers who want to engage in unique experiences such as going sightseeing or practicing windsurfing.

One of the best places for Airbnb listings in the Canary Islands

Fuerteventura not only offers exciting adventures but also promises investors an attractive investment journey by helping them to secure a nice passive income. According to our previous blog, Fuerteventura holds the 2nd spot for Airbnb property investments in the Canary Islands with an average occupancy rate of 78%!

Is Airbnb Profitable in Fuerteventura?

You may be wondering whether it is a good idea to invest in a property in Fuerteventura with the purpose of renting it, right? Then you will like to know that investment properties in Fuerteventura can certainly help you to achieve financial freedom. Yet, you should know that the profitability that a listing can generate also depends on certain factors such as the property type and location.

Based on Airbtics’ analytics tool, an Airbnb host can expect an average annual revenue of €31,940 and a median occupancy rate of 67% for operating a 3-bedroom property in Fuerteventura.

Best Towns in Fuerteventura for Real Estate Investment

While there is a variety of Airbnb host expenses that should be considered, the most crucial part is to choose the right location to set your listing as well as the best property size.

Moreover, it must be noted that Fuerteventura comprises 6 municipalities that are further subdivided into a variety of unique towns and localities. Thus, looking for the appropriate location to buy a property in Fuerteventura can become a challenge – but we want to lend you a hand!

Check out the best areas in Fuerteventura that are recommended for investment properties:

1. La Oliva Town

Total Number of Airbnb Listings: 151
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €350,000
Airbnb Annual revenue: €42,205
Gross rental yield: 12.06%

2. Caleta de Fuste

Total Number of Airbnb Listings: 376
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €225,000
Airbnb Annual revenue: €36,771
Gross rental yield: 16.34%

3. Corralejo

Total Number of Airbnb Listings: 1,047
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €269,000
Airbnb Annual revenue: €34,509
Gross rental yield: 12.83%

4. Lajares

Total Number of Airbnb Listings: 396
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €175,000
Airbnb Annual revenue: €25,936
Gross rental yield: 14.82%

5. El Cotillo

Total Number of Airbnb Listings: 278
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €237,000
Airbnb Annual revenue: €25,521
Gross rental yield: 10.77%

6. Costa Calma

Total Number of Airbnb Listings: 335
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €172,000
Airbnb Annual revenue: €25,391
Gross rental yield: 14,76%

7. Morro Jable

Total Number of Airbnb Listings: 152
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €200,000
Airbnb Annual revenue: €25,358
Gross rental yield: 12.68%

8. Puerto del Rosario

Total Number of Airbnb Listings: 131
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €126,000
Airbnb Annual revenue: €21,882
Gross rental yield: 17.36%

Conclusion

Buying investment properties in Fuerteventura to list them on platforms like Airbnb is certainly an ingenious way to create a good rental income. With plenty of charming and lively towns with attractive rental markets that offer promising benefits to real estate investors.

However, we recommend analyzing all options carefully to not miss out on better opportunities. For this reason, you should give it a try and use the best analytics tool available in the market so that you can embark on a rewarding journey.

Getting to know the best places to Airbnb in Fuerteventura is just the first rung on this ladder. Aim your expectations higher to experience the most exciting investment voyage while making the best data-based strategies by using Airbtics’ Airbnb estimator!

Explore The Most Profitable Airbnb Locations in Fuerteventura

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Blog posts Case studies & Insights

Mashvisor Alternatives: Top STR Tools for Airbnb Investors

Post author By Janica Solis
Post date May 29, 2023

If you’re an Airbnb investor eager to expand your property portfolio, it’s essential to explore the top Mashvisor alternatives. Find out the other short-term rental analytics tools tailored for Airbnb investors:

1. Airbtics (Best Overall)
2. All The Rooms
3. AirDNA
4. Rabbu
5. Inside Airbnb

About Mashvisor

Mashvisor offers a property analytics tool that assists real estate investors in identifying profitable investment properties. It utilizes data to analyze potential deals and predict their performance in both long and short-term leasing. Currently, its data is only limited to the US, excluding other regions and countries.

Mashvisor Review

Although Mashvisor is a very good tool with a comprehensive property analysis model and a great visualization with color-coded heat maps, it still has drawbacks.

Despite the good reviews of 85% on Trustpilot, 5% of the customers on the same platform voiced out their dissatisfaction with Mashvisor . What are the things to improve?

Low-quality of customer support
Data privacy
Complicated dashboard
Inflexible subscription plan
Limited coverage, in US only

Overall, as a data analytics platform, Mashvisor should be more client-centric in this case thinking that every user experience has a huge impact on their success. Read more about the Mashvisor Review

As someone who already uses Mashvisor, I bet you are reading this to learn the alternative tools that are more promising and can fit your needs. Meanwhile, if you are new to these tools and into exploration, this article is for you as we embark on the other Top STR tools for Airbnb investors.

This article consists of:

1. The key features to look for when enhancing your Airbnb investment
2. A comprehensive review of Mashvisor competitors
3. The best alternative to Mashvisor

Key Features to Enhance Your Airbnb Investment

Expanding your property portfolio on Airbnb requires data-driven insights. Fortunately, there are reliable analytics tools that offer a wide range of useful features. As you look into these tools, keep in mind the following:

1. Data Accuracy and Reliability: This should be the #1 on your list. Make well-informed decisions with trustworthy data, ensuring your investment choices are based on reliable information.
2. Advanced Property Search and Analysis: Identify lucrative opportunities quickly and effectively, saving time and maximizing potential returns.
3. Vacation Rental Management Tool: Streamline your property management tasks, optimizing operations & pricing, and enhancing the overall guest experience.
4. Data Visualization: Gain visual insights into market trends and hotspots, enabling you to make data-driven decisions with ease.
5. Global Coverage: Expand your investments worldwide by choosing a tool that covers the countries where you plan to operate, unlocking new opportunities.
6. Customer Reviews: Benefit from the experiences of other users, gaining valuable insights into the tool’s performance and potential drawbacks.
7. Customer Support & Education: Receive quick assistance when needed and access educational resources to sharpen your skills and leverage the tool effectively.
8. Cost-effective Pricing: Ensure you maximize your ROI by finding an affordable plan that offers the right balance of features and value.

By prioritizing these key features, you can elevate your Airbnb investments to new heights, harnessing the power of accurate data, efficient property management, visualization tools, global reach, valuable user insights, reliable support, and cost-effective pricing. Embrace these benefits and propel your real estate ventures forward with confidence.

Comprehensive Review of Mashvisor Competitors

Now that we’ve established the importance of data-driven decision-making and introduced the top three Mashvisor alternatives, let’s go deeper into each platform’s unique features and offerings.

Airbtics: The #1 STR Analytics Tool for Airbnb Investors

Airbtics emerges as the frontrunner among Mashvisor alternatives. It’s the top choice among STR analytics tools due to its data accuracy, reliability, and customizable features. It offers in-depth information tailored to the Airbnb ecosystem, ranging from vacation rental income projections and occupancy rates to market trends and property performance analysis.

Why do customers prefer Airbtics?

Dynamic Map. Airbtics is able to get dynamic data updating while you move around the map in the app. The data such as the occupancy rate, nightly rate, and annual revenue is updated in real-time. This allows Airbnb investors to compare data in a specific and custom manner.

Tailored Region. Unlike other tools, Airbtics permits users to “draw” the area of their preferred markets. This notable feature gives Airbnb investors a customizable experience.

Data Accuracy. 10 million Airbnb listings worldwide are updated every week on Airbtics to ensure we are providing accurate information to our users. Additionally, the data refresh cycle is weekly and daily for enterprise clients, making the data reliable for sudden changes.
User-friendly Interface. Airbtics understands that not all STR investors are proficient in data analytics tools. Our user-friendly dashboard is designed for both first-time investors and experts.
5-star Customer Reviews. Don’t take our word for it. Read true success stories of our customers at Capterra where we received 5-star ratings.

AirDNA

AirDNA has established itself as the first STR analytics platform in the industry. It’s widely used by property owners, managers, Airbnb hosts, researchers, and market leaders. Upon checking their tool, here’s what sets them apart from the competition: Read the full review.

Great Data Visualization. AirDNA’s product dashboard composes of highly-visual data insights to help users analyze the data with ease.
Rich in features. The dashboard has several sections ranging from the market grade card, rental size, and growth. There is also a section for rentalizer where investors can get an estimate of their revenue of ROI. The last section is composed of seasonality where RevPar is computed and lead time & rates.
Market trends & reports. AirDNA publishes market trends and reports available to the public, which makes them a great resource about the industry’s market.

Although AirDNA has notable features which make them stand out, there are also drawbacks that came from AirDNA customers themselves:

‣ Unreliable data due to occasional updating
‣ Not all regions are available
‣ Pricing fluctuates frequently
‣ Short-term prediction isn’t possible
‣ Complex integration with other software

AllTheRooms

AllTheRooms is one of the pioneers in the STR industry that offers data analysis for vacation rental investors. They are a mission-oriented platform that aims to offer profound insights into the booming vacation rental market. Read the full review.

Comparison Tools. It’s one of the most complimented features of AllTheRooms. The tool allows easy comparison of different factors such as occupancy rates, daily rates, supply, market prices, etc. Comparing two or more items at the same time gives insightful analysis to the users.
Advanced Filter. Users can gain a bird’s eye view of market patterns and dive deeper into individual property analysis. The advanced filter feature refines the data based on listing types enabling accurate comparisons.

Despite the fact that AllTheRooms has helped many property managers and vacation rental investors, there is still so much to improve on their product. 67% of the customers rank them as bad; while 33% ranked the product as an excellent one.

Other Alternatives: Data Rabbu & Inside Airbnb

Data Rabbu is a US-specific property management service that provides valuable Airbnb data for real estate investors seeking to expand their profit of short-term and vacation rental properties. Meanwhile, the drawbacks include limited global coverage and no guarantee of rental data accuracy.

Inside Airbnb is a valuable website that provides datasets collected directly from Airbnb, benefiting local hosts, researchers, and scholars. Its public data includes information such as available listings, safe neighborhoods for hosting, estimated monthly income, average nights booked, pricing, occupancy rates, and the number of reviews. However, the free version lacks the ability to create a customized market analysis, requiring costly data requests for specific neighborhoods.

The Best Alternative to Mashvisor is Airbtics!

Choosing the right tool for property investing is a crucial point. As a property investor, you are dealing with data to make informed decisions, which makes data accuracy the #1 must-have on your checklist. Other features are secondary.

To sum up, Airbtics has by far the best alternative to Mashvisor. It touches most of Mashvisor’s limitations such as high data accuracy, quick and easy-to-reach customer support, global coverage, and highly-customizable features.

If you haven’t tried Airbtics yet, try it now with a 14-day money-back guarantee. Talk to our customer representative to answer any questions you may have.

Blog posts Investment

Best Places to Invest in Airbnb in Lanzarote: Where to Invest in 2023

Post author By Magdalena Jara
Post date May 29, 2023

best places to Airbnb in Lanzarote

Key Takeaways

• With a stable tourist market, good quality of life, and low cost of living, rental properties in Lanzarote have helped hosts to generate a nice income stream.

• Step into a profitable path after learning the reasons why Lanzarote can be considered a great investment market to target.

• Discover the top rental markets in Lanzarote – we also unveil their recommended property size and Airbnb dataset.

Introduction

It’s a given fact that the Canary Islands are an exotic paradise with breathtaking natural habitats, diverse wildlife, as well a fascinating historical legacy. Among its charming islands, we can find Lanzarote, a gem that stands out with its dramatic landscapes, lovely towns, and high-quality services that guarantee a perfect life.

Lanzarote certainly is a dreamy paradise that draws the attention of travelers easily. And this is further confirmed by Airbnb, since this island is a trendy destination for stays, especially if you want to book historical homes!

Do you happen to be interested in the rental market of Lanzarote? First, you should consider a few important factors! For example, it’s essential to research the most lucrative towns to buy short-term rentals in Lanzarote. And we are here to assist you!

In this article, we’ll list the best places to Airbnb in Lanzarote and their respective Airbnb dataset. You will also learn some of the advantages of investing in a rental property on this island. Continue reading to learn more!

Top reasons to buy an investment property in Lanzarote

Starting an Airbnb business in Spain, particularly in one of the towns of Lanzarote, is a clever way of creating a passive income that can lead you to financial freedom. But what advantages can Lanzarote’s localities offer to real estate investors?

Check out some of the reasons why buying a rental property in Lanzarote can turn into a profitable business:

Low cost of living

Lanzarote not only offers good quality of life but also a low cost of living in which expenses, rent, and leisure activities are fairly affordable. Thus, you can enjoy high-quality amenities and have access to reliable services during your stay on the island without putting a dent in your budget.

The housing market of Lanzarote is also relatively cheap compared to the other islands in the Canary region. This means that you will have the advantage of doing a low upfront investment.

For instance, the average housing price in Arrecife is €164K and €183K for properties in Costa Teguise. Thus, you can easily find a cheap property in Lanzarote!

Bonus: Canary Islands offers one of the lowest tax rates in Europe, with only 7% of the added value of the product.

Enjoy great living conditions

Lanzarote allows you to experience a peaceful lifestyle where you will get to live in warm communities amidst awe-inspiring natural landscapes. Thanks to its good weather conditions that make the island seem like a paradise of eternal spring, it’s easier to enjoy its wide array of recreational activities.

In addition, Lanzarote offers sophisticated infrastructure and good connections. The island is quite safe, so you can easily take a stroll around its beautiful towns or enjoy its exquisite cuisine with a glass of wine while admiring stunning sunsets.

Best place for Airbnb investments in the Canary Islands

Lanzarote offers promising investment opportunities that can help Airbnb hosts to secure a good source of passive income. As a matter of fact, Lanzarote is the top spot for Airbnb property investments in the Canary Islands!

Additionally, Airbnb mentioned that the listings near the Canary Islands vineyards offer a fulfilling financial experience to Airbnb hosts. Moreover, Lanzarote also holds 1st place in the accommodation category. Its most profitable markets are located in the municipalities of Haría, San Bartolomé, and Teguise.

Get ready for exciting experiences!

Did you know that Lanzarote in its entirety was declared a Biosphere Reserve by UNESCO? With just a piece of information, you can paint a picture of the island’s beauty and we can even agree that this destination embodied the sublime.

Lanzarote is a special island that blends its nature, history, art, and culture majestically. It offers an interesting catalog of leisure options that visitors can enjoy any time of the year thanks to its permanent springtime feel.

The island has approximately 200km of coastline that comprises picturesque beaches and magnificent coves. On top of that, Lanzarote is home to a variety of tourist resorts and small but charming towns surrounded by wine-growing areas, enigmatic volcanic landscapes, mountains, and more.

Is Airbnb Profitable in Lanzarote?

Wondering if it is a good idea to buy a property to let in Lanzarote? Airbtics has great news for you: Investment properties in Lanzarote can help you generate a nice income stream. That said, the profitability that a listing can create also depends on specific factors like the property size and location.

Based on Airbtics’ analytics tool, an Airbnb host can expect an average annual revenue of €34,052 and a median occupancy rate of 67% for operating a 3-bedroom property in Lanzarote.

Best Towns to Buy Investment Property in Lanzarote

Lanzarote is the third most populous island in the Canary Islands. It has 7 municipalities, each of them being further subdivided into a variety of charming localities. Consequently, you can expect the profitability in each area to be different. For this reason, choosing the right location to buy an investment property in Lanzarote can be quite a challenge – but we’re to help!

Check out the best areas in Lanzarote that are recommended for rental properties:

1. Montaña Roja

Total Number of Airbnb Listings: 153
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €315,000
Airbnb Annual revenue: €43,693
Gross rental yield: 13.87%

2. Puerto del Carmen

Total Number of Airbnb Listings: 816
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €350,000
Airbnb Annual revenue: €41,669
Gross rental yield: 11.91%

3. Playa Blanca

Total Number of Airbnb Listings: 781
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €305,000
Airbnb Annual revenue: €38,678
Gross rental yield: 12.68%

4. Puerto Calero

Total Number of Airbnb Listings: 113
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €290,000
Airbnb Annual revenue: €30,899
Gross rental yield: 10.65%

5. Costa Teguise

Total Number of Airbnb Listings: 444
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €180,000
Airbnb Annual revenue: €29,164
Gross rental yield: 16.20%

6. Punta Mujeres

Total Number of Airbnb Listings: 109
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €190,000
Airbnb Annual revenue: €23,915
Gross rental yield: 12.59%

7. San Bartolomé

Total Number of Airbnb Listings: 256
Best bedroom size: 1 bedroom
Median property price (1 bedroom): €180,000
Airbnb Annual revenue: €21,634
Gross rental yield: 12.02%

8. Arrecife

Total Number of Airbnb Listings: 265
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €160,000
Airbnb Annual revenue: €17,829
Gross rental yield: 11.14%

Conclusion

Investing in properties in Lanzarote with the purpose of letting them is indeed an effective and ingenious way to generate a good passive income. The island is composed of lovely towns with balanced rental markets that offer rewarding benefits and experiences to investors.

It’s still important to analyze all options carefully to not miss out on better opportunities, which is why we encourage you to use the best analytics tool available in the market. This way, you can rest assured that you will go through a rewarding experience.

While discovering the best places to Airbnb in Lanzarote is a great way to start, you should still aim higher! Take the helm in this journey and ensure long-term profitability by using Airbtics’ Airbnb calculator. Enjoy fruitful days whilst maximizing your gains now!

Explore The Most Profitable Airbnb Locations in Lanzarote

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Blog posts Case studies & Insights

What is Airbnbust?

Post author By Ramon Meris
Post date May 26, 2023

Key Takeaways

The demand and supply forces within the Airbnb industry are ever-evolving, requiring stakeholders to be adaptable, innovative, and responsive to changing market conditions, just like the threat of an Airbnbust. By understanding and effectively managing these dynamics, hosts and guests alike can continue to benefit from the opportunities provided by the Airbnb platform.

The “Airbnbust” in Phoenix

Short-term rental property managers and Airbnb hosts in Phoenix expected a high number of guests during this year’s Super Bowl. This highly anticipated sporting event, held last February at the State Farm Stadium, was sold out as it had always been, regardless of the host city. However, for the locals engaged in the short-term rental business, the number of bookings in their Airbnb listings was rather disappointing.

This led people to resurrect “Airbnbust” as a dreadful ghost delivering a warning that Airbnb’s glorious days are numbered. A term that gained traction on social media in late 2022, Airbnbust or Airbnb bust is a phenomenon of rising vacancies or decreasing occupancy rates in Airbnb due to the growing number of new listings. Understandably, this is a grave concern for a lot of people involved in the short-term rental industry.

Airbnb Data on the Two Super Bowls

Let’s compare the two Super Bowls to put things into perspective. According to Airbtics’ Granular Data, the Airbnb average occupancy rate in Los Angeles on the day of the 2022 Super Bowl was 28.4%. This rate was 1.4% higher than the 27% average February occupancy rate in the city. The January 2022 occupancy rate in Los Angeles was 23%.

On the other hand, Phoenix had a 21.6% average occupancy rate during the 2023 Super Bowl, and the average monthly occupancy rate in February 2023 in the city was 23%. This was around 5% lower than the previous year’s occupancy rate for the Super Bowl in Los Angeles. However, we should also take note that the February average occupancy rate in Phoenix still increased by 5% from 18% in January 2023. We can clearly see that there was already a month-on-month increase during the two Super Bowls.

It is also interesting to know the booking lead time or the interval between the booking and check-in dates. The average booking lead time for last year’s event was 15 days, and 42 days for this year’s Super Bowl. This means that Airbnb guests made their bookings longer or around one and a half months in advance before the 2023 Super Bowl in Phoenix compared to last year’s Super Bowl in Los Angeles.

While the Airbnb occupancy rate for this year’s Super Bowl in Phoenix was not as high as last year’s indicator in Los Angeles, the Phoenix Airbnb monthly occupancy rate still increased by 5% in February 2023. Phoenix’s booking lead time also looked more favorable compared to Los Angeles. But if there was indeed such an increase, how come it did not make a strong impression on short-term rental managers and Airbnb hosts?

Airbnb Demand and Supply

In January of this year, Phoenix had 39,470 Airbnb bookings. But during the month of the 2023 Super Bowl, the bookings made were 83,720. While it was evident that the number of bookings significantly increased, so did the number of nights available – from 71,309 to 123,891.

Airbnb connects hosts with guests. Hosts are the people in business to rent out their properties, while guests are the ones in need of accommodations. In the context of short-term rentals, demand represents the number of bookings made by people seeking accommodation on the platform. On the other hand, supply is the number of available nights listed by hosts.

Short-Term Rental Bust

When there is an oversupply of available short-term rental properties, hosts may face more competition that potentially forces them to lower their nightly rates. This happened in Phoenix which led a lot of Airbnb hosts and short-term rental managers in the city to lower their nightly rate to boost their Airbnb occupancy during the 2023 Super Bowl.

A local property manager in Phoenix even dropped the nightly rate from $1,200 to $500 for an unbooked prime 3-bedroom unit. But in my opinion, the nightly rate just fell below their expectations. Based on data from Airbtics, most hosts with booked properties were still able to gain profits and charge an average nightly rate of $178, or $33 more than the annual average nightly rate of $145. Some were even able to charge up to $623 per night. However, their concern was understandable due to the magnitude of the event which was expected to make a huge profit.

It is also worth noting that there are no restrictions on the number of Airbnb listings in Phoenix, which created an oversupply that led to an Airbnbust. There is also rental arbitrage, which allows people to profit from Airbnb without actually owning the rental property. Should we put the blame on the lenient regulations for this short-term rental bust? This is very different from the cities that have imposed strict Airbnb regulations that limit the number of listings.

In New Orleans, for example, the city put a pause on new short-term rental listing applications in October last year. Existing hosts earned an average nightly rate of $173.75 during the moratorium period. But when the city started accepting new listing applications in February, the average nightly rate rose to $211. February was also the start of the peak season in New Orleans. So more people started visiting the city when additional Airbnb units were allowed to operate. However, the city allows only 1 Airbnb listing per square block.

Demand for Airbnb accommodations is driven by travelers and visitors who prefer the flexibility, cost-effectiveness, and unique experiences offered by staying in someone’s home or property. Factors that impact demand include travel trends, tourist attractions, events, seasonality, and affordability compared to traditional hotels.

But when demand surpasses or gets closer to the supply, guests may experience limited availability and potentially higher prices due to increased competition among travelers. In Honolulu where there is a stable supply that adjusts to the changing Airbnb local demand, the average annual revenue of an Airbnb property is $56,452 from the average nightly rate of $170.

In January when the supply had stayed relatively the same since April, most Airbnb hosts were able to charge from $169 up to $415. But when the demand rose in February, the average nightly rate stayed relatively the same because supply kept up with the demand with the increase in additional nights available.

It is important to understand Airbnb demand and supply. With limited available listings, Airbnb hosts can definitely increase their nightly rate. On the other hand, an oversupply of Airbnb listings in a particular area can lead to competitive pricing. Hosts may lower their prices to attract guests and secure bookings, especially if they face competition from other hosts.

Conclusion

As we have learned, the short-term rental bust can be simplified into the dynamics of supply and demand. Airbnbust happens only in specific markets where there is an oversupply of listings. It does not encompass the entire short-term rental industry, which, as some fear, may result in an Airbnb collapse.

The rise of Airbnb has long disrupted the traditional hospitality sector, offering a platform that allows individuals to monetize their properties and travelers to find unique and affordable accommodations.

The demand for Airbnb listings has been driven by various factors such as saving money and increased flexibility compared to the traditional hospitality sector. On the supply side, property owners have been attracted to the opportunity to generate income and maximize the utilization of their assets.

To navigate these evolving dynamics, hosts and property owners must stay attuned to market trends, employ effective marketing strategies, and continuously enhance the quality and uniqueness of their offerings. Leveraging data analytics and technology can help optimize pricing, improve guest satisfaction, and ensure a steady stream of bookings.

The future of the Airbnb industry will also be shaped by regulatory developments and the company’s response to stakeholder concerns. Collaboration between Airbnb, hosts, and local authorities is essential to strike a balance that allows for responsible growth and ensures a positive impact on local communities. Should we allow more Airbnb listings per city, or should we put a limit on them? This is still an ongoing discussion that requires all concerned parties to participate.

Overall, the demand and supply forces within the Airbnb industry are ever-evolving, requiring stakeholders to be adaptable, innovative, and responsive to changing market conditions – just like the threat of an Airbnbust. By understanding and effectively managing these dynamics, hosts and guests alike can continue to benefit from the opportunities provided by the Airbnb platform.

Stay ahead of the competition in any market with Airbtics Granular Data

Blog posts Investment

Best Places to Invest in Airbnb in Tenerife: Most Profitable Cities in 2023

Post author By Magdalena Jara
Post date May 26, 2023

best places to Airbnb in Tenerife

Key Takeaways

• Tenerife’s stable economy, solid tourist market, and high standard of living have helped hosts earn a good passive income by owning Airbnb listings.

• Learn the reasons why Tenerife can be seen as a profitable rental market for property investors targeting this location.

• The top 10 most profitable areas in Tenerife are revealed! And be in the know of their recommended property size and Airbnb data.

Introduction

The Canary Islands is home to exotic destinations that will make people think they’re in paradise. Among its paradisiacal islands, Tenerife stands out with its world-class sceneries, charming cities, nice weather, and a wide array of services that assure only the best living conditions.

According to Airbnb, Tenerife stands out for its welcoming atmosphere that makes visitors feel at home. This island’s cities, particularly Santa Cruz, are considered the most hospitable in Spain as well as a destination that any digital nomad would absolutely love.

If you’re considering targeting the rental market of Tenerife, you should consider essential factors. For instance, learning about the most profitable locations to buy an investment property is a must. And we want to lend you a hand on this case!

In this article, we’ll unveil the best places to invest in Airbnb in Tenerife, and some of the expectations when investing in holiday homes on this island. Continue reading to learn more about this market!

Why invest in Real Estate in Tenerife, Spain?

Buying an investment property in Spain, specifically in the cities of Tenerife, is a smart way of securing a source of income that can help you achieve financial freedom. But what advantages can Tenerife’s cities offer to real estate investors?

Check out some of the reasons why investing in a rental property in Tenerife is an excellent idea:

Growing economy

Tenerife financial situation enjoys steady growth, thanks to its flexible business system and its competitive and economic transparency. The island is home to major corporations and over 200 foreign companies, which greatly impact the local economy.

While the strongest industry in Tenerife is tourism due to its high demand, the island is slowly diversifying its economic sectors. For instance, sectors related to energy, light industries, and digital companies have been gaining ground in recent years.

Enjoy great living conditions

Living in or visiting Tenerife allows you to experience a laidback lifestyle amidst spectacular sceneries and friendly locals. The island is a vibrant yet relaxing place to live and work – thanks to its pleasant weather conditions, amount of leisure options, low crime rates, as well as delicious cuisine. That’s why is one of the favorite destinations for digital nomads!

Additionally, the living cost and housing market of Tenerife are relatively affordable compared to other cities in Spain and even the rest of Europe. While it’s fairly cheaper to live on this Island, you still get to have easy access to high-quality services & amenities. Tenerife real estate market offers a wide range of prices, with the average property price of €214k.

Bonus: Canary Islands offers one of the lowest tax rates in Europe, with only 7% of the added value of the product.

Exciting experiences await you!

Looking for unparalleled island vacation experiences? Then Tenerife is the best destination for you. Also known as the island of the thousand experiences, there’s no lack of leisure options that visitors can enjoy every day. Thus, you must visit Tenerife with the inclination to have lots of fun.

With year-round mild temperatures, you can easily dip into its pristine beaches, or walk through the trails of its stunning lush forests. Moreover, discovering striking landscapes composed of volcanoes, cliffs, and slopes has never been easier!

Additionally, Tenerife is home to charming municipalities with fascinating festivities and traditions as well as important historical centers, museums, restaurants, and green spaces.

Is Airbnb Profitable in Tenerife?

Wondering if buying a holiday home in Tenerife is a good business idea? Take it easy! Airbtics assures you that investment properties in Tenerife can help you generate a nice income stream. That said, the profitability that a listing can create also depends on specific factors like the property size and location.

Tenerife offers a stable rental market where Airbnb hosts can secure a nice passive income. According to our previous blog, Tenerife holds the 3rd spot of the best places to invest in Airbnb in the Canary Islands!

For instance, an Airbnb host can expect an average annual revenue of €33,645 and a median occupancy rate of 65% for operating a 3-bedroom property in Tenerife as confirmed by Airbtics’ data.

Top Locations in Tenerife to Buy Investment Property

Tenerife is the most populous island in the Canary Islands, which is divided into 31 vibrant municipalities. Consequently, you can expect the profitability in each area to be different, so it can be a challenge to choose the right location to buy a property to let in Tenerife.

Check out the best areas in Tenerife that are recommended for rental properties:

1. Costa Adeje

Total Number of Airbnb Listings: 1,387
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €474,000
Airbnb Annual revenue: €54,634
Gross rental yield: 11.50%

2. Playa de las Américas

Total Number of Airbnb Listings: 565
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €300,000
Airbnb Annual revenue: €38,737
Gross rental yield: 12.91%

3. El Médano

Total Number of Airbnb Listings: 483
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €295,000
Airbnb Annual revenue: €35,304
Gross rental yield: 11.97%

4. La Laguna

Total Number of Airbnb Listings: 117
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €209,000
Airbnb Annual revenue: €25,962
Gross rental yield: 12.42%

5. Puerto de la Cruz

Total Number of Airbnb Listings: 686
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €230,000
Airbnb Annual revenue: €25,111
Gross rental yield: 10.92%

6. Los Cristianos

Total Number of Airbnb Listings: 1,019
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €295,000
Airbnb Annual revenue: €25,087
Gross rental yield: 8.50%

7. El Rosario

Total Number of Airbnb Listings: 152
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €210,000
Airbnb Annual revenue: €24,068
Gross rental yield: 11.46%

8. Santa Cruz de Tenerife

Total Number of Airbnb Listings: 658
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €192,500
Airbnb Annual revenue: €23,265
Gross rental yield: 12.09%

9. Los Realejos

Total Number of Airbnb Listings: 201
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €125,000
Airbnb Annual revenue: €21,809
Gross rental yield: 17.45%

10. Puerto de Santiago

Total Number of Airbnb Listings: 349
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €255,000
Airbnb Annual revenue: €20,238
Gross rental yield: 7.94%

Summary

Buying a property to let in Tenerife can bring rewarding benefits and experiences to investors if we consider the advantages that its rental market offers. Thus, we can conclude that this island can help investors to obtain a good return on investment.

Yet, it’s always important to analyze all options carefully so that you don’t miss out on better opportunities. This is why we encourage you to use the best analytics tool available in the market so that you can go through a financially rewarding experience.

After finding out the best places to Airbnb in Tenerife, it’s time to take the next step and consider long-term profitability! Weigh the anchor, set sails and pursue a promising investment journey by using Airbtics’ Airbnb calculator. Choose to stand out while maximizing your gains now!

Explore The Most Profitable Airbnb Locations in Tenerife

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Blog posts Case studies & Insights

Top Events and Airbnb Occupancy Rate in Toronto

Post author By Daniella Lozada
Post date May 25, 2023

Airbnb occupancy rate in toronto

Key Takeaways

Enhance your Toronto Airbnb hosting experience by leveraging the insights on Airbnb occupancy rate in Toronto! By understanding the average daily rate and booking lead times for major Toronto events, you can align your pricing strategy to attract more guests, increase Airbnb occupancy rate, and maximize your profitability.

Introduction

Toronto, Ontario, Canada is renowned for its vibrant tapestry of culture, cuisines, and traditions. The city’s multiculturalism and diversity are evident in the array of events Toronto offers throughout the year. Toronto is also a major economic hub, attracting businesses and industries from around the world. The city’s event calendar is filled with an abundance of options that residents and tourists alike can immerse themselves in the cultural fabric of Toronto.

In this blog post, we delve into Airbnb occupancy rate in Toronto, Airbnb pricing strategy, and essential insights on Toronto events to help hosts stand out in the highly competitive short-term rental market.

Is the Airbnb business profitable in Toronto?

A Toronto Airbnb business is definitely profitable! Earn C$42,618 in annual revenue with a 50% occupancy rate for 1-bedroom rentals. With an average booking lead time of 40 days and an average daily rate of C$117, your property is set to thrive in the bustling Toronto short-term rental scene.

Toronto’s lively cultural scene, major events, and diverse attractions attract a steady stream of tourists throughout the year. By capitalizing on this demand, Airbnb hosts have the potential to earn said substantial revenue. Hosts can strategically plan their pricing by considering factors such as the average booking lead time of 40 days and the average daily rate of C$117.

With the city’s vibrant and diverse atmosphere, combined with these enticing figures, we sure get the appeal. Hosting an Airbnb in Toronto is an irresistible venture and provides promising financial prospects for those seeking financial successes in the short-term rental market.

If you plan to be a host in the city, familiarize yourself with the essential Airbnb rules in Toronto to ensure a smooth and compliant hosting experience. Discover the potential of rental arbitrage to overcome capital constraints and profit from the price difference between leasing a property and subleasing it on a platform, unlocking new opportunities for passive income generation.

Toronto Events Airbnb Hosts Should Take Not Of

As an Airbnb host, staying informed about these Toronto events is crucial for refining your Airbnb pricing strategy and maximizing your earning. In this comprehensive guide, we highlight the top Toronto events that every Airbnb host should take note of.

Discover how aligning your pricing with these events can attract more guests, increase airbnb occupancy rate in Toronto, and ultimately boost your profitability. From film and music festivals to comics and gaming events, these insights from our historical data will empower you to optimize your Airbnb pricing strategy and stay ahead of the competition.

1. Toronto International Film Festival

Attendees: 250, 000+
Where: TIFF Bell Lightbox, Downtown Toronto
When: September 9 – September 18, 2022
- Occupancy Rate: 19.75%
- Average Daily Rate: C$116.84
- Booking Lead: 58 days

The Toronto International Film Festival (TIFF) evidently takes the spotlight as a major event that significantly impacts Airbnb occupancy rate in Toronto. With over 250,000 attendees, TIFF attracts a massive influx of visitors to Downtown Toronto, particularly around the TIFF Bell Lightbox venue.

As an Airbnb host, this event presents an incredible opportunity to capitalize on the surge in demand. It’s crucial to plan ahead as the booking lead time for TIFF is around 58 days, allowing hosts to strategically set their pricing and optimize their listing to attract festival attendees seeking accommodations.

2. Fan Expo Toronto

Attendees: 140, 000+
Where: Metro Toronto Convention Centre
When: August 25 – 28, 2022
- Occupancy Rate: 21.98%
- Average Daily Rate: C$121.62
- Booking Lead: 65 days

Fan Expo Toronto also emerges as a prominent event with a significant impact on Airbnb occupancy rate in Toronto. Drawing in more than 140,000 enthusiastic attendees, this event takes place at the Metro Toronto Convention Centre.

Hosts can leverage this surge in demand to secure bookings and generate higher revenue. The average daily rate for Airbnb listings during Fan Expo Toronto is approximately C$121.62, offering hosts the potential for profitable returns.

3. Toronto Comic Con

Attendees: 130, 000+
Where: Metro Toronto Convention Centre
When: March 18 – March 20, 2022
- Occupancy Rate: 21.97%
- Average Daily Rate: C$91.83
- Booking Lead: 23 days

As an Airbnb host in Toronto, knowing about the high occupancy rate and demand during events like Toronto Comic Con can help you optimize your hosting strategy. With over 130,000 attendees, Toronto Comic Con brings a significant influx of visitors to the Metro Toronto Convention Centre. With an occupancy rate of 21.97%, this event presents a prime opportunity to attract guests and maximize your bookings.

4. OktoberFest Toronto

Attendees: 40, 000
Where: Ontario Place, Lakeshore Blvd
When: September 30 – October 2, 2022
- Occupancy Rate: 20.9%
- Average Daily Rate: C$121.62
- Booking Lead: 52 days

OktoberFest Toronto draws in 40,000 attendees, creating a surge in visitors at Ontario Place on Lakeshore Blvd. This event takes place from September 30 to October 2, 2022, with an occupancy rate of 20.9%.

Armed with this valuable information, you can strategically adjust your pricing and availability to make the most of the increased demand during this period.

5. Santa Claus Parade Toronto

Attendees: 500, 000
Where: Christie Prits along Bloor Street West to Front Street West
When: November 2, 2022
- Occupancy Rate: 17.2%
- Average Daily Rate: C$107.39
- Booking Lead: 56 days

With a staggering 500,000 attendees, the Santa Claus Parade in Toronto is a massive one-day event that spans along Bloor Street West to Front Street West, attracting a significant influx of visitors. Taking place on November 2, 2022, the Santa Claus Parade exhibits an occupancy rate of 17.2%.

Armed with this knowledge, you can strategically adjust your pricing and availability to capitalize on the increased demand during this festive period. Setting your average daily rate around C$107.39 enables you to offer competitive pricing and potentially generate higher revenue from your Airbnb listing.

Given the 56-day booking lead time, it is crucial to plan ahead and optimize your listing, emphasizing its proximity to the parade route and creating a warm and inviting atmosphere to entice Santa Claus Parade attendees seeking convenient accommodations.

Conclusion

It is evident that Toronto provides abundant opportunities for maximizing your Airbnb hosting experience, with the knowledge of key factors such as the Airbnb occupancy rate in Toronto. By leveraging the insights provided, including occupancy rate, average daily rate, and booking lead times for major Toronto events, you can fine-tune your Airbnb pricing strategy to attract more guests and boost your profitability.

Understanding the occupancy rate allows hosts to gauge the demand for accommodations during specific events or periods in Toronto. By identifying peak occupancy periods, hosts can adjust their pricing accordingly to capitalize on the increased demand and maximize their booking potential.

Being aware of the daily rate prevalent during these events will also provide hosts with a benchmark for setting competitive prices that appeal to potential guests while still ensuring profitability. Indeed, by staying proactive in adjusting their pricing strategy for Airbnb occupancy rate in Toronto based on the provided insights, hosts can position themselves for success.

Whether it’s the prestigious Toronto International Film Festival, the exhilarating Fan Expo Toronto, or the festive OktoberFest Toronto, aligning your pricing with these events can make a significant impact on your Airbnb business. Stay ahead of the competition, optimize your earnings, and enjoy success in the vibrant world of Toronto vacation rentals.

Ensure accurate pricing for your STR unit by utilizing Airbnb Profit Calculator, a user-friendly tool, allowing you to determine if you are setting the right price!

Explore The Most Profitable Airbnb Locations in Toronto, Canada

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Blog posts Investment

Best Places to Airbnb in Las Palmas: Top Location for Investment Properties

Post author By Magdalena Jara
Post date May 25, 2023

best places to Airbnb in Las Palmas

Key Takeaways

• Las Palmas’ bustling tourist market, strong economy, and great living conditions allow hosts to earn a good passive income by owning vacation rentals.

• Discover the benefits real estate investors can enjoy when buying a property investment in Las Palmas de Gran Canaria.

• We’ll feature the top 10 most profitable neighborhoods and nearby cities in Las Palmas as well as their recommended property types and Airbnb data.

Introduction

Canary Islands is a destination like no other. Among its most popular cities, we can find Las Palmas, a place of undeniable beauty. With enchanting landscapes, large sand beaches, and an impressive historical legacy, Las Palmas is a land of unparalleled adventures and experiences.

If you’re evaluating the option of investing in Las Palmas’ rental market, you should consider essential factors. For example, learning about the Airbnb Rules in Las Palmas will allow you to manage a listing without any legal problems. Another one is choosing the right location, and we are here to help you in this matter.

In this article, we’ll reveal the best places to Airbnb in Las Palmas de Gran Canaria, and some of the expectations when investing in real estate in this city. Eager to learn more? Continue reading!

Why invest in Las Palmas de Gran Canaria real estate?

Starting an Airbnb business in Spain, specifically in Las Palmas, is an amazing way of earning a passive income since it is one of the best places to buy an investment property. But what advantages can Las Palmas offer to real estate investors?

Check out some of the reasons why investing in a rental property in Las Palmas is an excellent idea:

Booming economy

Las Palmas enjoys a healthy financial situation and a friendly-business environment with an optimal infrastructure of services and communications. In fact, the city is one of the major contributors to Gran Canaria’s PIB.

Las Palmas owns a diversified economy, and its strongest sector is tourism with its high demand. Aside from the solid tourist market, other important contributors to the city’s economic situation are commerce, clean technologies, and science, particularly in astronomy.

A great place to live

Las Palmas is a popular destination that offers great quality of life, not only to its residents but also to its visitors during their stay. The city is an excellent place to live and work as it has mild temperatures, striking natural surroundings, and a variety of leisure activities.

Additionally, the capital of Gran Canary offers a competitive living cost as well as easy access to high-quality services & amenities. Thanks to its comprehensive service offering, the city ensures the well-being of its residents all year round.

Bonus: Tax rates in the Canary Islands are quite lower compared to other European cities, with only 7% of the added value of the product.

Unmatched experiences and adventures

Las Palmas offers plenty of leisure and entertainment options, so it’s almost impossible for visitors who like to have fun not to enjoy their stay in this city.

This charming city owns exceptional culture, history, and traditions with plenty of monuments of different historical epochs. So visitors can indulge themselves in unmatched experiences while strolling through Las Palmas’ cobbled streets.

With golden beaches and fascinating historical and cultural heritage, there’s definitely something exciting awaiting you in Las Palmas. Add to this the year-round pleasant temperatures, which open the doors to unique adventures every day.

Is Airbnb Profitable in Las Palmas?

Be at ease because Airbtics assures you that investing in vacation rentals in Las Palmas can help you to create a nice income stream. Yet, it should be noted that the profitability that a listing can generate also depends on factors like the property type and location.

Moreover, Las Palmas is not only a popular Spanish destination for digital nomads. It is also the most profitable city in Gran Canaria according to our previous blog! No wonder real estate investors are looking to target this market.

An Airbnb host can expect an average annual revenue of €21,524 and a median occupancy rate of 65% for operating a 2-bedroom property in Las Palmas as confirmed by Airbtics’ data.

Best Places in Las Palmas, Spain to Buy Property

Las Palmas is the most populous city in Gran Canary Islands, and it has around 70 picturesque neighborhoods. Hence, the profitability in each area is consequently different, so it can be a challenge to choose the right location to buy an investment property in Las Palmas.

Check out the best areas around Las Palmas that are recommended for rental properties:

Best Neighborhoods to Invest in Las Palmas

1. Vegueta-Triana

Total Number of Airbnb Listings: 114
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €249,000
Airbnb Annual revenue: €26,235
Gross rental yield: 10.54%

2. Guanarteme

Total Number of Airbnb Listings: 269
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €260,000
Airbnb Annual revenue: €23,265
Gross rental yield: 8.95%

3. La Isleta

Total Number of Airbnb Listings: 169
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €245,000
Airbnb Annual revenue: €22,606
Gross rental yield: 9.23%

4. Santa Catalina

Total Number of Airbnb Listings: 748
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €280,000
Airbnb Annual revenue: €22,226
Gross rental yield: 7.94%

5. Centro

Total Number of Airbnb Listings: 166
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €264,000
Airbnb Annual revenue: €20,062
Gross rental yield: 7.60%

Best Nearby Municipalities to Invest in Las Palmas

1. Telde

Distance from Las Palmas: 19 kilometers
Total Number of Airbnb Listings: 262
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €141,000
Airbnb Annual revenue: €27,365
Gross rental yield: 19.41%

2. Gáldar

Distance from Las Palmas: 27 kilometers
Total Number of Airbnb Listings: 110
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €170,000
Airbnb Annual revenue: €23,201
Gross rental yield: 13.65%

3. Agaete

Distance from Las Palmas: 33 kilometers
Total Number of Airbnb Listings: 141
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €180,995
Airbnb Annual revenue: €27,276
Gross rental yield: 15.07%

4. Maspalomas

Distance from Las Palmas: 55 kilometers
Total Number of Airbnb Listings: 444
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €280,000
Airbnb Annual revenue: €24,222
Gross rental yield: 8.65%

5. Mogán

Distance from Las Palmas: 82 kilometers
Total Number of Airbnb Listings: 957
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €317,000
Airbnb Annual revenue: €39,219
Gross rental yield: 12.37%

Takeaway

Considering the advantages that the rental market of Las Palmas offers, we can conclude that this city can certainly allow investors to obtain a good return on investment. There are plenty of neighborhoods and nearby cities in Las Palmas with promising opportunities, albeit it’s always important to analyze all options carefully.

Now that you have a deeper understanding of the best places to Airbnb in Las Palmas, you should think about long-term profitability! Ride your best wave in this investment journey by using Airbtics’ short-term rental calculator. Don’t be afraid of standing out among your competitors and use the best Airbnb analytics tool!

Explore The Most Profitable Airbnb Locations in Las Palmas de Gran Canaria

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Blog posts Investment

Best Places to Invest in Airbnb in Granada: Profitable rental markets in 2023

Post author By Magdalena Jara
Post date May 24, 2023

best places to Airbnb in Granada

Key Takeaways

• The low cost of living, affordable real estate market, and good living conditions of Granada have helped many hosts to earn a nice passive income through Airbnb.

• Learn the advantages that investors can enjoy when investing in short-term rentals in Granada.

• Discover the top areas in Granada for investment properties along with their median housing values and respective Airbnb data.

Introduction

Located at the foot of the Sierra Nevada mountains and at the confluence of four rivers, Granada lies majestically with an outstanding beauty capable of taking your breath away. The city itself is an important tourist destination as it’s home to remarkable monuments and historical sites. Its close proximity to the Sierra Nevada Ski Station is definitely another reason that makes Granada a gem.

Additionally, Granada possesses an interesting real estate market and offers a great quality of life and a friendly environment. No wonder this city is one of the best places to invest in the Andalusia Community!

And if you wonder, “which are the best neighborhoods or nearby cities for Airbnb around Granada?” – we got you!

In this article, we’ll feature the best places to invest in Airbnb in Granada and some of the expectations for investment properties in this city. Continue reading to learn more.

Advantages of buying a rental property in Granada

Buying an investment property in Spain, particularly in Granada, can become a great source of income. But you may be wondering what benefits does this location offer to property investors?

Check out some of the major reasons why investing in vacation rentals in Granada is a great idea:

Great quality of life

Granada does not only offer stunning surroundings but also a good quality of life. With a friendly atmosphere, affordable cost of living, and delicious gastronomy you can expect to enjoy a superb life!

Granada provides its residents with high-quality amenities, modern infrastructure, a reliable healthcare system, and plenty of educational opportunities. The city also provides a vast network of transportation options.

Affordable living cost

As mentioned above, one positive advantage that Granada offers is its affordable cost of living. Expenses, as well as rent and housing prices, are fairly affordable in Granada compared to other major Spanish cities.

According to Fotocasa portal, the average property price is €194K and the median rent value is €849. And the best part is that you still get to enjoy a high standard of living!

Plenty of things to do

While Granada’s overall environment is quite peaceful, it also possesses a wide array of enjoyable leisure options. Across the city, you can find a variety of museums, cultural centers, restaurants, exotic tea houses, and much more. The city also hosts a variety of events and festivals throughout the year!

Granada owns a heritage of great artistic and historical value as it’s home to renowned sites such as the Alhambra, Nasrid Palaces, and Generalife Gardens. If you visit San Nicolás, you can appreciate the unforgettable cityscape against the backdrop of the Sierra Nevada mountains.

There are also recreational activities in the Sierra Nevada for outdoor enthusiasts. The mountains are great for snow sports like hiking, skiing and sledding.

Is Airbnb Profitable in Granada?

Concerned that your investment property in Granada won’t provide fruitful results? Be at ease! Airbtics confirms that investing in real estate in Granada can help you generate a nice rental income. Yet, investors should note that the level of profitability depends on other factors such as the property size and location.

In addition, it’s important to learn about the Airbnb rules in Granada for legal compliance and smooth operation of your listing.

Based on Airbtics’ data, an Airbnb host can expect an average annual revenue of €25,943 and a median occupancy rate of 63% for operating a 3-bedroom property in Granada.

Top Areas in Granada to Invest in Real Estate

Before starting a rental business, there is a variety of Airbnb host expenses that should be considered, albeit it’s equally important to choose the right property location to boost your gains.

Granada has 8 designated districts, which are subdivided into 28 neighborhoods, each with its distinctive characteristics and charms. Considering there is a variety of areas in the city, their profitability differs from one location to another. Thus, choosing the adequate market to buy your investment property in Granada can turn into a difficult challenge.

Check out the best neighborhoods and nearby cities in Granada that are highly recommended for starting an Airbnb business:

5 Best Areas to Invest in Granada

1. Centro

Total Number of Airbnb Listings: 601
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €265,000
Airbnb Annual revenue: €30,012
Gross rental yield: 11.33%

2. Albaicín

Total Number of Airbnb Listings: 528
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €250,000
Airbnb Annual revenue: €29,619
Gross rental yield: 11.85%

3. Figares

Total Number of Airbnb Listings: 161
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €278,000
Airbnb Annual revenue: €27,235
Gross rental yield: 9.8%

4. San Ildefonso

Total Number of Airbnb Listings: 70
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €249,000
Airbnb Annual revenue: €26,103
Gross rental yield: 10.48%

5. Realejo

Total Number of Airbnb Listings: 446
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €79,000
Airbnb Annual revenue: €20,145
Gross rental yield: 28.02%

5 Best Cities to Invest in Near Granada

1. Nerja

Distance from Granada: 97 kilometers
Total Number of Airbnb Listings: 1,400
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €310,000
Airbnb Annual revenue: €22,088
Gross rental yield: 7.13%

2. Málaga

Distance from Granada: 132 kilometers
Total Number of Airbnb Listings: 4,169
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €250,000
Airbnb Annual revenue: €32,886
Gross rental yield: 12.9%

3. Almería

Distance from Granada: 168 kilometers
Total Number of Airbnb Listings: 365
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €150,000
Airbnb Annual revenue: €11,543
Gross rental yield: 7.7%

4. Córdoba

Distance from Granada: 204 kilometers
Total Number of Airbnb Listings: 1,077
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €105,000
Airbnb Annual revenue: €25,753
Gross rental yield: 24.53%

5. Sevilla

Distance from Granada: 253 kilometers
Total Number of Airbnb Listings: 4,426
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €190,000
Airbnb Annual revenue: €33,248
Gross rental yield: 17.50%

Takeaway

In summary, Granada has a variety of promising areas that offer good investment returns for real estate investors. But even if there are diverse locations around Granada with attractive rental yields and annual revenue, it’s still crucial to consider your options thoroughly without rushing things.

After discovering the best places to Airbnb in Granada, take the next step and check Airbtics’ Airbnb profit estimator. Set sail on a lifetime investment journey thinking about long-term profitability. With the help of our top-notch analytics tool, you can greatly maximize your profitability now!

Explore The Most Profitable Airbnb Locations in Granada

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Blog posts Case studies & Insights

What is the Best Number of Bedrooms for Airbnb?

Post author By Ramon Meris
Post date May 23, 2023

Best Number of Bedrooms for Airbnb

Key Takeaways

There really is no specific figure on the best number of bedrooms for Airbnb. In this article, you will learn that this figure varies depending on location. All you need is the right tools to analyze the data on your prospective Airbnb market to help you find the best property that will maximize your profit and speed up your journey toward financial independence.

Introduction

Aside from location, the best number of bedrooms for Airbnb is also a major factor in real estate investing, as this can also maximize the revenue potential of your investment property. In this blog post, we’ll use accessible short-term rental analytics to answer the question on every investor’s mind, “What is the best number of bedrooms for Airbnb?”

So, whether you’re a seasoned investor looking to expand your portfolio or a newcomer eager to capitalize on the sharing economy, read on to discover the insights that will help you maximize your returns on your prospective Airbnb property!

What qualifies as a bedroom on Airbnb?

An Airbnb bedroom should typically be a private space within your listing that offers sleeping accommodations. It should have walls, a door, and a window for ventilation and natural light. In terms of size, it should be large enough to accommodate a bed comfortably, with ample space for guests to move around.

To meet Airbnb bedroom requirements, it should feature a real bed, such as a standard double or queen-sized mattress, or a larger alternative like a king-sized bed. Air mattresses or sofa beds, while potentially suitable for extra guests, generally do not count as qualifying beds for an Airbnb bedroom.

Additionally, the bedroom should provide basic furniture and amenities essential for a guest’s comfort and convenience. This includes items like nightstands, lamps, storage space (such as a closet or dresser), and privacy-enhancing features like curtains or blinds.

Importantly, a bedroom should not be a shared space, such as a living room, dining area, or any other common area within your property. While you may offer these spaces to guests, they should be clearly differentiated from a designated bedroom.

How many bedrooms are best for Airbnb?

Surprisingly, there really isn’t a magic number. However, people who try to answer this would often advise you to go for a property with the most number of bedrooms if your target is to maximize income. Their reasoning is the said property size can accommodate more guests whom you can charge more per night. It may be true that you can maximize income because of a higher nightly rate, but the fact that guests do not often book a 6-bedroom property may astound you.

But people still try to give a definite answer and give the exact best number of bedrooms for Airbnb. They say that it is around 3, but this number is just an average within a market.

While averaging the best number of bedrooms for Airbnb already gives us an idea, the tricky part is the size of the market which they get the average from. Is it the average per state or country? If this is the case, perhaps the short-term rental market is too big to give investors the best number of Airbnb bedrooms and guide them closer to buying the investment property that will give them the highest return.

This is why an intelligent investor should consider the gross rental yield as it is one of the financial metrics used to assess the return on investment (ROI) of a rental property. This helps you measure the property’s income-generating capacity in relation to its purchase price.

In the next section, you will learn how to find an Airbnb investment property using gross rental yield to have an idea of the best number of bedrooms for your next Airbnb market.

How To Find the Best Number of Bedrooms for Airbnb in Your Market?

Finding Airbnb properties requires a lot of research. But in most cases, Airbnb investors already have a prospective Airbnb market in mind. Be it a beach or shopping destination, they already have a picture of the kind of guests they want to accommodate. The next step for them is to research and get Airbnb data on that short-term rental market.

(For first-time investors who still do not have a specific Airbnb Market in mind, read on because this research method can also help you!)

Airbtics’ Discovery Tool answers 2 questions very important to investors, “Where should I invest in?” and “What is the best number of bedrooms for Airbnb in that market?” Airbtics’ Discovery Tool is so easy to use. Simply type in your prospective short-term rental market, and you will instantly see how profitable that market is! Let’s take the Orlando Airbnb market as an example.

According to Airbtics Dashboard, a 2-bedroom Airbnb unit has an average annual revenue of $45,015 while a 1-bedroom unit has $32,656. However, a 1-bedroom Airbnb unit in Orlando is a more valuable investment in terms of gross rental yield (although marginally) compared to a 2-bedroom unit.

The Discovery Tool also shows Airbnb data in nearby cities. And as you can see, fewer bedrooms have higher gross rental yields in Cocoa Beach and Cape Canaveral. This feature of the Discovery Tool presents wider investment opportunities to investors and can make them want to reconsider their prospective Airbnb market.

But “fewer bedrooms give higher gross rental yields” is not always the case. If you check Jacksonville, you can see that the higher the number of bedrooms, the higher its gross rental yields and annual revenue! This is why it’s really important to check the data on your Airbnb market before buying a multi-million dollar investment property.

We’ll also offer you a more detailed way to see the best number of bedrooms in a very specific Airbnb market.

Let’s say that you’re planning to buy a property in West Seattle where you dream to retire in the future. But in the meantime, you want to make it a worthwhile investment that will give you a stable income and simultaneously give you a faster return (measured by gross rental yield). You have narrowed down your options, and now you have to choose between this 2-bedroom property worth $634,950 and this 3-bedroom property worth $927,999.

With access to the right data, you can simulate the ROI of your prospective property investment by customizing an Airbnb market. It gives you an Airbnb dataset specific to your target market. Let’s now mirror the Airbnb West Seattle market using the Airbtics Dashboard.

West Seattle currently has 79 active Airbnb listings that have an average occupancy rate of 78% and charge an average nightly rate of $195. The average annual revenue in this Airbnb market is $56,769.

You can now answer the question of which of the two properties you will buy: the 2-bedroom property worth $634,950 or the 3-bedroom property worth $927,999. By using the advanced filters you can know the financial performance of a property size. And from there, you can determine the best size of house for Airbnb in a specific market.

Both property sizes are profitable (and interestingly, the 2-bedroom property in West Seattle Airbnb Market can give a higher annual revenue). Let’s now use one of the industry-standard methods of getting the gross renting yields.

In this research, we have learned that a 2-bedroom property in West Seattle is a more worthwhile investment. It has an average revenue of $83,476 ($1,683 more than that of a 3-bedroom property). This property size even has a 4.33% higher gross rental yield, which is another performance indicator of property investment.

Our hypothetical investor is now really glad! He has already found the investment property that meets his criteria: a stable passive income and a faster return on investment. It has solved the problem of which of his prospective properties in West Seattle is more worth spending his hard-earned money on, the 2-bedroom or 3-bedroom unit!

Conclusion

In this article, we have learned that we cannot really put a figure on the best number of bedrooms for Airbnb. As we have seen, the wisdom that “more rooms, more revenue” is only true because you can charge a much higher nightly rate. However, it might take you longer to get your return on investment of that bigger property worth at least $ 1 million. At the same time, we cannot also rely on a “less is more” mindset. As we have seen in Jacksonville, the annual revenue and gross rental yield increase with the number of bedrooms.

How to find Airbnb properties is a challenging question to answer, but Airbnb investors will just have to analyze the data on their prospective market. This article aims to give them a hand with how to use short-term rental analytics when looking for their next rental property.

If you have a property in mind, try this comprehensive and accessible Airbnb Profit Calculator and see how much you gain from your prospective property investment.

Accessible and comprehensive data for
the best number of bedrooms in your market!

Blog posts Investment

Best Places to Invest in Airbnb in Almeria: Where to Invest in Real Estate 2023

Post author By Magdalena Jara
Post date May 23, 2023

best places to Airbnb in Almeria

Key Takeaways

• Almeria provides great living conditions, a healthy economy and good rental returns. Thanks to this, various hosts have generated a nice income stream.

• Get to know the main advantages that investors can look forward to when investing in rental properties around Almeria.

• We feature the top recommended areas for real estate investments around Almeria along with their Airbnb dataset.

Introduction

The imposing city of Almeria lies on the southeastern Iberian peninsula, right on the banks of the Mediterranean Sea. Aside from providing spectacular sea views, Almeria also has splendid mountain landscapes as it’s flanked by the Gador, Alhamilla, and Cape Gata.

Almeria may be a small city, but it offers a welcoming atmosphere with plenty of attractions that are worth visiting, such as its historical and artistic heritage sites. On top of that, the city is one of the best places to invest in the Andalusia Community according to our previous blog! Almeria offers a strong rental market and plenty of attractive investment opportunities. For this reason, this city has been catching the attention of real estate investors over the years.

In this article, we’ll talk about the best places to Airbnb in Almeria, Spain and what expectations to have about real estate investments in the city. Continue reading to learn more!

Why should you consider investing in Almeria real estate?

Almeria is an attractive market to invest in considering the variety of promising benefits it offers, especially if you’re aiming to buy a beachfront property or a Villa. Check out some of the major reasons why buying an investment property in Almeria is an excellent idea:

Reasonable cost of living

While Almeria is not the cheapest Spanish city, it’s still fairly affordable compared to other capital cities like Madrid and Barcelona. Furthermore, you also get to enjoy high-quality amenities and everything is within close reach.

According to the Idealista report, the average home value in Almeria is €1,314/m2 with a 1-year change value of +9.1%. Considering it has an affordable real estate market with a variety of cheap property options, investing in Almeria will not only help you to save some budget but also give you a chance of recovering your investment and making a profit!

Good quality of life

Almeria is a small but cozy city that, regardless of its size, provides its residents with great living conditions. Living in this Andalusian city means that you will have easy access to high-quality amenities, a reliable healthcare system, and plenty of educational opportunities!

In addition, Almeria also offers pleasant weather conditions, excellent gastronomy, and plenty of recreational activities that people can enjoy during their free time. Moreover, you also get to enjoy breathtaking landscapes while you indulge in this city’s welcoming atmosphere.

Enjoy the coastal city’s attractions

While Almeria is a semidesert territory, it has a great location on the shores of the Mediterranean with an immense littoral that offers a landscape of striking beauty. The city is well-known for its pristine beaches, small covers, and cliffs with great sunset views.

Beyond its picturesque coast, Almeria offers exciting and promising experiences, with plenty of leisure options, historical and cultural sites, and traditions that are indeed fascinating. Among its top landmarks, we can find the Alcazaba, Almeria Cathedral The ancient walls of Jayrán. Almeria certainly is a top-notch vacation destination as it provides all amenities and facilities that are necessary during a trip!

Is Airbnb Profitable in Almeria?

Don’t worry! Airbtics confirms that investing in real estate in Almeria can surely help you earn a nice income stream, especially during the summer season. Still, other factors such as the property type and location should be analyzed carefully in order to get a good level of profitability.

According to Airbtics’ data, an Airbnb host can expect annual revenue of €10,876 with an occupancy rate of 56% for operating a 2-bedroom property in Almeria.

Best Places to Buy a Rental Property in Almeria, Spain

Almeria is divided into 6 administrative zones, which are further subdivided into a variety of unique and friendly neighborhoods. That said, you can expect that the profitability of each area is consequently different. So you may wonder, “What’s the best location for short-term rentals in Almeria?”.

Check out the best neighborhoods and nearby cities in Almeria, Spain where you should consider buying a property to rent out:

Best Neighborhoods to Invest in Almeria

1. Altamira-Oliveros-Barrio Alto

Total Number of Airbnb Listings: 30
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €380,000
Airbnb Annual revenue: €26,771
Gross rental yield: 12.95%

2. Retamar

Total Number of Airbnb Listings: 76
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €150,000
Airbnb Annual revenue: €17,788
Gross rental yield: 11.86%

3. Almeria City Center

Total Number of Airbnb Listings: 109
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €130,000
Airbnb Annual revenue: €17,200
Gross rental yield: 13.23%

4. Zapillo

Total Number of Airbnb Listings: 109
Best bedroom size: 1 bedroom
Median property price (1 bedroom): €105,000
Airbnb Annual revenue: €13,310
Gross rental yield: 12.68%

5. El Toyo

Total Number of Airbnb Listings: 67
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €149,000
Airbnb Annual revenue: €12,837
Gross rental yield: 8.62%

Best Municipalities to Invest near Almeria Capital

1. Aguadulce

Distance from Almeria: 11 kilometers
Total Number of Airbnb Listings: 155
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €112,000
Airbnb Annual revenue: €17,323
Gross rental yield: 15.47%

2. Roquetas de Mar

Distance from Almeria: 21 kilometers
Total Number of Airbnb Listings: 384
Best bedroom size: 2 bedrooms
Median property price (2 bedrooms): €357,000
Airbnb Annual revenue: €11,852
Gross rental yield: 13.62%

3. San José

Distance from Almeria: 39 kilometers
Total Number of Airbnb Listings: 199
Best bedroom size: 1 bedroom
Median property price (1 bedroom): €160,000
Airbnb Annual revenue: €15,215
Gross rental yield: 9.51%

4. Salobreña

Distance from Almeria: 120 kilometers
Total Number of Airbnb Listings: 1,077
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €160,000
Airbnb Annual revenue: €20,670
Gross rental yield: 12.92%

5. Almuñecar

Distance from Almeria: 131 kilometers
Total Number of Airbnb Listings: 654
Best bedroom size: 3 bedrooms
Median property price (3 bedrooms): €225,000
Airbnb Annual revenue: €22,190
Gross rental yield: 9.86%

Summary

Almeria offers promising investment opportunities to real estate investors who are looking to buy a property to generate an income stream. While Almeria is a catchy city to invest in as it provides a good return on investment, it’s always important to consider the options carefully without rushing things out.

Getting to know the best areas to Airbnb in Almeria is an excellent way to start your investment journey! And to make your ride more pleasurable, we recommend you think about long-term profitability and use the best short-term rental calculator! This way you can maximize your gains after making data-based decisions.

Explore The Most Profitable Airbnb Locations in Almeria

Tags lat_36.8414197, lng_-2.4628135

Key Takeaways

Introduction

Reasons to Invest in Fuerteventura real estate

Amazing living conditions

Low cost of living

Discover this majestic island!

One of the best places for Airbnb listings in the Canary Islands

Is Airbnb Profitable in Fuerteventura?

Best Towns in Fuerteventura for Real Estate Investment

1. La Oliva Town

2. Caleta de Fuste

3. Corralejo

4. Lajares

5. El Cotillo

6. Costa Calma

7. Morro Jable

8. Puerto del Rosario

Conclusion

Explore The Most Profitable Airbnb Locations in Fuerteventura

About Mashvisor

Mashvisor Review

Key Features to Enhance Your Airbnb Investment

Comprehensive Review of Mashvisor Competitors

Airbtics: The #1 STR Analytics Tool for Airbnb Investors

Why do customers prefer Airbtics?

AirDNA

AllTheRooms

Other Alternatives: Data Rabbu & Inside Airbnb

The Best Alternative to Mashvisor is Airbtics!

Key Takeaways

Introduction

Top reasons to buy an investment property in Lanzarote

Low cost of living

Enjoy great living conditions

Best place for Airbnb investments in the Canary Islands

Get ready for exciting experiences!

Is Airbnb Profitable in Lanzarote?

Best Towns to Buy Investment Property in Lanzarote

1. Montaña Roja

2. Puerto del Carmen

3. Playa Blanca

4. Puerto Calero

5. Costa Teguise

6. Punta Mujeres

7. San Bartolomé

8. Arrecife

Conclusion

Explore The Most Profitable Airbnb Locations in Lanzarote

Key Takeaways

The “Airbnbust” in Phoenix

Airbnb Data on the Two Super Bowls

Airbnb Demand and Supply

Short-Term Rental Bust

Conclusion

Stay ahead of the competition in any market with Airbtics Granular Data

Key Takeaways

Introduction

Why invest in Real Estate in Tenerife, Spain?

Growing economy

Enjoy great living conditions

Exciting experiences await you!

Is Airbnb Profitable in Tenerife?

Top Locations in Tenerife to Buy Investment Property

1. Costa Adeje

2. Playa de las Américas

3. El Médano

4. La Laguna

5. Puerto de la Cruz

6. Los Cristianos

7. El Rosario

8. Santa Cruz de Tenerife

9. Los Realejos

10. Puerto de Santiago

Summary

Explore The Most Profitable Airbnb Locations in Tenerife

Key Takeaways

Introduction

Is the Airbnb business profitable in Toronto?

Toronto Events Airbnb Hosts Should Take Not Of

1. Toronto International Film Festival

Accessible and comprehensive data for
the best number of bedrooms in your market!