Airbnb: Here are the most profitable cities in Europe

Airbnb hosts continue to enjoy the return of the holidays, and with searches for “Airbnb host needs” up 200% in the past month, there’s no shortage of European homeowners interested in earning a side income. But where do Airbnb listings have the most potential to generate the highest profits? Curious to find out, uswitch.com/mortgages compared the average Airbnb prices in cities across Europe to find out the most profitable city to own an Airbnb.

The results

Rank	City	Average Airbnb rental price per night (€)	Average monthly profits (€) (30 days)
1	London	€328.07	€9,842.10
2	Paris	€295.39	€8,861.70
3	Munich	€294.40	€8,832.00
4	Dublin	€258.94	€7,768.20
5	Milano	€217.30	€6,519.00
6	Copenhagen	€211.73	€6,351.90
7	Oslo	€209.80	€6,294.00
8	Manchester	€205.27	€6,158.10
9	Berlin	€197.59	€5,927.70
ten	Madrid	€183.18	€5,495.40

London is the most profitable European city to host an Airbnb
Airbnb owners in London could see more profits than any other city analyzed, Uswitch.com/mortgages can reveal. A three-bedroom apartment in the English capital rents on average 328.07 euros per night on Airbnb, or 60% more expensive than in Manchester (205.27 euros). Those who rent their Airbnb homes full-time can expect an average of 9,842.10 euros per month: 66% more than the profits seen in the German capital, Berlin (5,927.70 euros).

Airbnb hosts in Paris receive the second highest income, with nightly rates averaging €295.39. Airbnb hosts in the French capital earn 90% of their London counterparts (328.07 euros), but earnings in Paris are 62% higher than in Lyon (182.07 euros a night). Full-time hosts in Paris receive an average of 8,861.70 euros per month: only 29.70 euros (0.33%) more than Airbnb hosts in Munich in third place.

Rates per night average 294.40 euros per night in Munich, the third highest in Europe. Airbnb hosts in Munich earn 49% more than those in Berlin (197.59 euros), and 85% more than those in Vienna (158.83 euros). Munich permanent hosts earn an average of 8,832 euros per month; 105,984 euros per year, and 14% more than Dublin in fourth position (7,768.20 euros).

Tips for getting a mortgage for a second home
Mortgage Expert, Florence Codjoeoutlines some of the considerations to consider before getting a second home mortgage:

“Decide between a fixed or variable rate. As with all mortgages, you need to decide if you want a fixed or variable rate deal. Variable rates may be lower initially, but if rates go up, you could end up paying more overall than if you had subscribed to a fixed rate. Fixing your mortgage also means you’ll always know how much your current mortgage payments will cost.

“Wait until you pay off your current mortgage. It might be worth waiting until you’ve paid off 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 the stamp duty. Keep in mind that you will also have to pay an additional 3% stamp duty on top of normal rates when buying a second home, so be sure to budget accordingly.