Short-term rental activity in Athens is one of the most profitable for real estate investors, according to a survey by the British agency CIA Landlords, a home insurance company aimed primarily at professional property owners.
Specifically, based on the relevant data obtained directly from the Airbnb platform, Athens is ranked in the 6th highest position based on the time it takes to pay the investment costs for the purchase and operation of an apartment through a short-term lease.
The research states that the average cost of buying a one-bedroom apartment (about 35-45 sq.m.) in the center of Athens, in the historic center of the city, reaches 97,000 euros, an amount that will be able to depreciate an investor in 378 days, taking into account that the average price / night is around 250 euros, a price that is also calculated based on this year data from Airbnb (without giving more details about the type and location of the real estate).
Of course, the survey does not take into account the occupancy rate, calculating the relevant amounts on the basis of securing visitors on a daily basis.
However, given that it does the same for all the cities listed in the survey, a relatively comparative conclusion can be drawn. In this context, the top five cities where an investor can recoup the cost of buying a property faster, using it through Airbnb, consists of Dubai (121 days with an average price / night of 1,100 euros), Hilo in Hawaii, USA, Hanoi in Vietnam, Nairobi in Kenya and Niagara Falls in the USA.
Source: kathimerini.gr
