It’s undeniable that Airbnb properties have the potential to generate huge rental returns, but unfortunately, this potential alone will not boost your bank balance.
As I’m sure you’ve already gathered, with successful short-term letting businesses, location is everything!
Now, although Airbnb is famous for having rental properties in pretty much all environments in every corner of the globe, there are some key recommendations when it comes to investing in a property that will provide steady returns and high occupancy rates throughout the calendar year.
To achieve this, buying an Airbnb investment property in a popular UK city that offers a combination of affordable prices, strong rental yields, high visitor rates and regular music and sporting events is usually a winner!
Take Liverpool for example.
A city with a rich history, world-renowned character, popular nightlife scene, two premier league football clubs and the birthplace of the band that changed music forever – need I say the name?…
Liverpool is an ideal location to invest in a short-term rental property in terms of securing bookings all year round.
Additionally, the average property price in Liverpool is almost £110,000 below the UK average according to the most recent House Price Index, while rental yields for Airbnb properties range anywhere from 10-15%.
Of course, there are many great places to consider in terms of buying property for Airbnb UK, and it’s essential to dedicate time to researching a range of areas in order to find the best investment for your short-term letting enterprise.