Airbnb: These are Europe's most profitable cities - All Inclusive (2024)

Airbnb hosts arecontinuing to profitfrom the return of holidays,and with searches for ‘Airbnb host requirements’increasing 200%in the past month, there is no shortage of European homeowners interested in earning a secondary income.But where do Airbnb listings have the most potential to see the highest profits?

Curious to find out,Uswitch.com/mortgagescompared average prices of Airbnbs in cities across Europe to uncoverthe most profitable city to own an Airbnb!

This research is part of a larger study on the cities in which Airbnb can pay your mortgage. Please note that if you use any of the data in this release, we kindly ask that you provide a link to the full study athttps://www.uswitch.com/mortgages/studies/best-european-cities-for-airbnb-mortgages/as credit.

The results

You can find the full dataset of all 21 locations analysed,here.

London is the most profitable European city to host an Airbnb

Airbnb owners inLondoncouldsee more profits than any other city analysed,Uswitch.com/mortgagescan reveal. A three-bedroom home in the English capital is rented out at an average of€328.07a night on Airbnb, 60% more expensive than inManchester (€205.27).Those renting out their Airbnb homes full-time can expect an average of€9,842.10per month: 66% more than the profits seen in the German capital,Berlin (€5,927.70).

ParisianAirbnb hosts receive the second highest income, with nightly rates averaging€295.39.Airbnb hosts in the French capital earn 90% of theirLondoncounterparts(€328.07),but income in Paris is 62% higher than inLyon (€182.07 a night).Full-time hosts in Paris receive an average of€8,861.70a month: only €29.70 (0.33%) more than Airbnb hosts inMunichin third.

Nightly rates average€294.40a night inMunich,the third highest in Europe. Airbnb hosts inMunichearn 49% more than those inBerlin (€197.59),and 85% more than those inVienna (€158.83).Munich’s permanent hosts earn€8,832a month on average; €105,984 a year, and 14% more thanDublinin fourth(€7,768.20).

Tips on getting a mortgage for a second home

Mortgages expert,Florence Codjoe,outlines some of the considerations to make before getting a second-home mortgage:

“Decide between a fixed or variable rate. As with all mortgages, you should decide whether you want a fixed or variable-rate deal. Variable rates might be lower initially, but if rates increase you could end up paying more overall than if you took out a fixed rate. Fixing your mortgage also means you’ll always know how much your ongoing mortgage repayments will cost.

“Wait to pay off your current mortgage. It could be worth waiting until you’ve repaid more (or even all) of your current mortgage. Waiting to pay off your current mortgage could help you get a better deal on a second home mortgage.

“Budget for stamp duty. Bear in mind that you’ll also have to pay an extra 3% in stamp duty on top of the normal rates when you buy a second home, so make sure you budget accordingly.”