Being a landlord has always been a pretty profitable hustle, and being a holiday home landlord is no exception. With the rise of websites such as Airbnb, renting out your property short-term has never been easier, but it’s a pretty crowded market out there.
Hybrid and remote working became incredibly widespread post-pandemic and opened up many peoples eyes to doing their job from anywhere in the world. As a result, Airbnb has seen an uplift in longer-term bookings as ‘digital nomads’ set up temporary residence abroad.
What is a digital nomad?
By definition, a digital nomad is someone who travels freely, using technology and a wifi connection in order to work remotely. This type of lifestyle is certainly on the rise. In fact, some studies estimate that by 2025, 35.7 million Americans or 22% of the workforce will be remote workers, leaving many people with the opportunity to up sticks and take their laptop anywhere in the world.
With all this opportunity for travel comes a rise in demand for short-term lets globally. But where exactly in the world can you earn the most from Airbnb as a property owner? CIA Landlord Insurance did a little research to find out.
The most profitable locations for Airbnb landlords
If you’re looking to invest in a rental property, London, Amsterdam and Canberra are the most profitable locations to explore. In London, the average landlord could make up to £12,652 in just one month by letting out their property in Airbnb! For a longer-term stay of six months, they’d be looking at £75,912. The catch? You’ve got to have the money available to purchase in London, home to some of the most expensive property prices in the world.
In Amsterdam, Airbnb could earn landlords between £8,367 a month and £50,202 for six months. An incredibly popular destination for city breaks, Amsterdam has a lot to offer. Plus, it’s just a short flight from the UK, making it an ideal location for UK-based digital nomads looking for a short-term change of scenery to work from.
Potential profits are slightly lower in Canberra, Australia, but still impressive with average monthly earnings of £7,939 rising to £47,634 over six months. None of these locations appealing? Here’s the full top 10 list:
- London, United Kingdom
- Amsterdam, The Netherlands
- Canberra, Australia
- Jerusalem, Israel
- Wellington, New Zealand
- Reyjavik, Iceland
- Copenhagen, Denmark
- Dublin, Ireland
- Oslo, Norway
- Prague, Chzech Republic
Are you tempted to purchase abroad and make some money for Airbnb? Where in the world would you choose?