Buying a flat in London to use a Airbnb

Nader40
Level 2
Kuwait City, Kuwait

Buying a flat in London to use a Airbnb

Hi we are thinking of investing in London ( flat 2 bedroom 2 bath ) worth around 1000000 sterling.

 and putting it in Airbnb , we need to know how much the net income we will get after all charges paid, is it worth it.?

3 Replies 3
Helen3
Top Contributor
Bristol, United Kingdom

You do know their are STR regulation in London and you can only let your place out for up to 90 days a year don't you @Nader40 

 

No-one can answer whether it's worth. That depends on multiple factors including what you would do for the other 9 months of the year, your costs, charge out rates etc.

Nader40
Level 2
Kuwait City, Kuwait

hi and thanks for the clarification, no I did not know that information  ??? 

 

so how can people make money from their property and more importantly why would they bother to put it on Airbnb?

Helen3
Top Contributor
Bristol, United Kingdom

Some just carry on letting illegally - some do long term lets the rest of the year.

 

If you want to get into the short term rental business the first thing you should do is check if there are any short term rental legislation in the area you are interested in. @Nader40