stats on the best properties to airbnb

[Sean1848]

Dear Elisa

My wife and I have recently retired, and we want to buy a second home in Europe some wear.

This second home will need to make an income for us when we are not there. Because the income side of it is very important, we need to make sure we find as close to the perfect property for renting as possible.

So my question to you is, dose Airbnb have statistics that show what the perfect Airbnb property looks like.

For example, would Airbnb know the following.

Most visited county in Europe by Airbnb customers?

Most visited region in that county by Airbnb customers?

Most  popular properties i.e

ones with swimming pools

Ones with1, 2, 3 or 4 beds or more

Ones by the sea

One's in the countryside

I am sure you get what I am trying to say. Basically, do you have statistics that would show the best kind of property to Airbnb in Europe?

I hope you can help.

Kind Regards Sean

[Emiel1]

There are some third party websites providing several statistics, most used is Airdna 

Just google "Airbnb statistics" to find them all.

[Joelle43]

Hello @Sean1848 

You should also look very closely at the local restrictions put on short term renting for each European country you look at, as more and more restrictions are being put into place to limit renting on platforms like Airbnb etc.  

France is Airbnb's second largest market after the US and a new "Anti Airbnb law" (yes truly that is what the Loi Le Meur is more commonly called) came into effect this year which give local mayors greater freedom to impose restrictions so if you are thinking of buying in France, you need to check what restrictions are in place for that particular town too.  New restrictions are being debated at the moment which will make it less attractive for owners to rent to tourists with the aim of inciting owners to switch to long term rentals.

There has been a massive crackdown on STR's in some towns in Spain and Italy too.  But generally, you'll have to register your home and obtain an official  registration number, declare all your earnings from this business - check with your tax office about declaring earnings from abroad to avoid dual taxation and much more.

So a great project but lots to read about before you take the plunge and if you are planning on renting the place when you are not there, you'll need to find a reliable concierge who charge around 25% commission or a trusted co-host.

The perfect Airbnb property is only as good as it's host I would say AND the way it is run so you may have the most beautiful villa, if it is in the wrong hands, it will fail.  Reviews are paramount to obtain bookings and it only takes two low reviews in succession for a listing to be suspended for a period of time.  Guests expectations are high nowadays and you have to put in a lot of effort to succeed in this business.

Keep reading here on the forum regularly too so that you know what you might face as a host and there are great videos on the internet too on renting on platforms too.  The more you know beforehand, the better!

All the best
Joëlle

[Sean1848]

Thanks Joelle, Every thing you have said is very helpful. Regards Sean

[Helen3 · Accepted solution]

Hi @Sean1848 

It helps to understand Airbnb is one of a number of platforms you can use to market the STR business you want to set up. They won’t have the sort of stastistics you are looking for. Airdna can help with supply and demand .

as the business owner you will need to carry out market research on 

1. STR restrictions and regulations 

2. what sort of property is likely to appeal to your target market

3. what supply and demand is like for the sort of property you want to buy

4. how much you can charge during various peak and off peak times

5.Use the Airbnb cohost database to find a local super host that can help you manage the listing locally

6. put together a profit and loss budget to estimate set up and ongoing costs and likely income so you can work out likely profitability 

7. market on all relevant platforms

8. speak to your accountant about dual taxation 

[Sean1848]

Thank you Helen, there is clearly a lot to consider.

Regards Sean 

[Alex]

Hi @Sean1848, 

Thank you for sharing your questions with the Community. I see that you’re interested in setting up a listing in a European country. Do you have any specific preferences? 🌍

From what I can see, you’ve already received some brilliant answers from Helen and Joelle. Did you have a chance to check them out? Let us know if their responses helped answer your questions. 🤗

Best, 

Alex

[Sean1848]

Thanks Alex. Yes good advise indeed. Regards Sean