Since Airbnb’s launch in 2008, many property owners have found that renting out holiday homes to short-term guests on the platform is a lucrative way to make money. Purchasing a rental property and renting it out on Airbnb is another popular real estate investment method. Real estate investors are presently conducting research to determine the best cities for Airbnb investment in Europe this 2022.
So, if you’re looking to invest in real estate this year by purchasing a short-term rental home, this article the greatest locations for Airbnb investing in 2022.
Best cities for Airbnb investment in 2022- Europe
1. Ballstad, Norway
Ballstad is the place to go if you’re looking for some excitement. It is well-known on a global basis due to its magnificent terrain. Local and international visitors are sure to flock to your event. Furthermore, because the allure is on the outside, you won’t have to worry about interior design or internal facilities (though they are still vital!).
In addition to this, Airbnb is legal to operate in Norway. According to Airbnb rules in Norway, there is a default limit of 90 days to host Airbnb in a condominium property type and a right to host 30 nights without permission.
According to our Airbtics Dashboard, Ballstadtops the list of Best cities for Airbnb investment in 2022-Europe. In summary, 89% of revenue comes from Multiple Nights Stays and an average listing gets 12 bookings annually, which generates $912 from cleaning fees. The average occupancy rate for a 2-bedroom property in Ballstad is 42%, with a nightly rate of $175 and annual revenue of $26,722.
2. Shanklin, England
Despite the fact that Brexit was a major setback for intercontinental travelers, it resulted in a shift in domestic travel for British citizens. Many Brits are electing to holiday in their own backyard rather than combing through paperwork, new laws, and visas, generating a surge in popularity for coastal communities like Shangri-La. This charming English town is located on the Isle of Wight, which has long been a popular British vacation destination.
The exciting part is, Airbnb is certainly legal in England. According to Airbnb rules in Isle of Wight, there are lesser regulations to operate Airbnb in this area.
According to our Airbtics Dashboard, Shanklin tops the list of best cities for Airbnb investments in 2022. 60% of revenue comes from Multiple Nights Stays. An average listing gets 36 bookings annually and generates £1,917 from cleaning fees. The average occupancy rate for a 2-bedroom property in Shanklin is 81%, with a nightly rate of £107 and annual revenue of £34,045.
3. Athens, Greece
Athens is one of the best Airbnb investments in 2022 because it has the highest return rate in comparison to other major European cities. With over 5% yield per annum, Athens attracts more property investors as its demand consistently grows.
The good news is, Athens has no strict laws against Airbnb. According to Airbnb rules in Athens, hosts will need to register and have a certain amount of time within a calendar year to operate an Airbnb in Athens.
According to our Airbtics Dashboard, Athens tops the list of best cities for Airbnb investments in 2022. 70% of revenue comes from Multiple Nights Stays. An average listing gets 24 bookings annually and generates €796 from cleaning fees. The average occupancy rate for a 2-bedroom property in Athens is 70%, with a nightly rate of €80 and annual revenue of €20,301.
4. Marseille, France
Marseille is a gateway to the Mediterranean, combining the magnificence of French architecture, food, and culture. It benefits from year-round tourism due to its combination of beautiful summer weather and inexhaustible cultural attractiveness. This is an excellent investment for a business owner who wants to keep bookings coming in the year.
According to Airbnb rules in Marseille, hosts are not allowed to let on a commercial basis of an entire property. This means that a property cannot be used as a primary residence to visitors staying for short time periods.
According to our Airbtics Dashboard, Marseille tops the list of best cities for Airbnb investments in 2022. 65% of revenue comes from Multiple Nights Stays and an average listing gets 24 bookings annually, which generates €1,311 from cleaning fees. The average occupancy rate for a 2-bedroom property in Athens is 59%, with a nightly rate of €110 and annual revenue of €24,536.
5. Funchal, Portugal
Funchal, located in the heart of Madeira, is one of Portugal’s most popular surf destinations. Funchal making waves in the real estate market. Popularity is extending beyond the major centres and into tiny communities like Funchal, like a younger brother to some of Madeira’s larger towns.
Here’s what you need to know: It is legal to operate an Airbnb in Portugal – also known as local accommodations. According to Airbnb rules in Portugal, hosts will need to register and get certain permits from local city councils.
According to our Airbtics Dashboard, Funchal tops the list of best cities for Airbnb investments in 2022. 60% of revenue comes from Multiple Nights Stays. An average listing gets 24 bookings annually and generates €1,272 from cleaning fees. The average occupancy rate for a 2-bedroom property in Funchal is 89%, with a nightly rate of €75 and annual revenue of €25,898.
