Why You Need an Airbnb Listing in London
In the span of just eight years, Airbnb has risen from San Francisco start-up to a global property phenomenon – now valued at $25 billion. The premise is simple: hosts let out spare rooms or full properties that will be vacant for a short period of time, and those in search of short-term holiday accommodation can rent it out. For each successful booking, Airbnb charge a host service fee of 3 per cent, on which VAT is also payable. This ease of use coupled with the high rates of revenue generated has seen Airbnb spread to have users in more than 191 countries throughout 34,000 cities. London is of course one of the most popular tourist destinations in the world, and given the high cost of hotels here (averaging £136 a night) it’s perhaps no wonder that holidaymakers are in search of a more affordable option. For those living in London with room to spare then, there’s an opportunity to make a substantial amount of revenue straight away. Not to mention, London is perfect to give A...