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What is the average rental income by city?
Discover the average rental income by country, as well as the difference between classic rental and Airbnb income.
UpperKey Country | City | Classic rental income | Average price per night | Average occupancy rate | Revenue in Airbnb | Yield |
|---|---|---|---|---|---|---|
UK | London | £1,800 | £186 | 75% | £2,389 | 24.7% |
France | Paris | € 1,599 | € 155 | 87% | € 2,371 | 32.6% |
Italy | Rome | € 1,600 | € 129 | 90% | € 2,544 | 37.1% |
USA | Miami | $2,535 | $235 | 67% | $3,312 | 23.5% |
Malta | Valletta | € 955 | € 110 | 77% | € 2,052 | 53.5% |
UAE | Dubai | dh5,519.00 | dh631.76 | 60% | dh7,133.01 | 22.6% |
Portugal | Lisbon | € 1,200 | € 109 | 90% | € 2,225 | 46.1% |
Which factors can influence your rental income?
Maximizing your rental income hinges on several key factors. From your property's location and size to its amenities and recent renovations, each detail can significantly influence the price you can command on the short-term rental market.
Property Location
A prime location close to popular attractions, restaurants, and transport links can command higher short-term rental rates.
# of Bathrooms
Multiple bathrooms can add convenience for larger groups, potentially allowing for higher rental rates.
Year of Construction
Historic properties have a special appear, while newer ones often have modern amenities and designs that renters find appealing, leading to higher rental rates.
Size of Property
Larger properties can accommodate more guests, potentially increasing the nightly rate for short-term rentals.
Furnished
Well-furnished properties are more appealing to renters who desire a ready-to-live-in space that feels like home.
Floor Level
Properties on higher floors can offer better views and less noise, which can be a selling point for short-term renters, especially if an elevator is present.
# of Bedrooms
More bedrooms allow for larger groups or families to stay, or offer a home office, which can increase the rental price per night.
Special Amenities
Unique features like a balcony or monument view can enhance a guest's experience, allowing you to charge a premium.
Recent Renovations
Properties that have been recently updated or renovated can command higher prices due to their fresh appeal and modern conveniences for guests.
