Airbnb Money Machine - landlords could make eye-watering sums

A survey by industry supplier CIA Landlord Insurance has analysed the comparative costs of traditional renting and Airbnb in major world cities.

And it shows that in London, landlords could make up to £75,912 every six months by switching to Airbnb letting.

The exercise by the insurer involved comparing the average monthly cost of renting a one-bedroom flat to the average monthly cost of an Airbnb . 

It says a six-month traditional rental in London (average cost £11,088) is actually over £1,000 cheaper on average than the cost of just one month in an Airbnb (£12,652).

Amsterdam ranks second on the list with an average cost of £8,915 for six months of renting, which is only slightly more money than the cost of one month’s stay in an Airbnb (£8,367 on average). Canberra in Australia came third with one month in an Airbnb (£7,939) costing on average £6,769 more than a month’s rent (£1,170). 

The insurer goes on to state: “For landlords looking to take advantage of the rise in longer-term Airbnb stays, the most profitable locations are London, Amsterdam and Canberra.  In London, the average landlord could make up to £75,912 by letting out their property on Airbnb for a longer-term stay of six months. In Amsterdam they could earn up to £50,202, and in Canberra up to £47,634.”

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