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Airbnb rentals make one London-based landlord millions
Posted on 13/11/2017

SocietyUnited Kingdom

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Airbnb has revealed that the company's highest earning landlord is an anonymous individual based in London who makes just shy of 12 million pounds per year through the property rental site.

London is a major Airbnb hub

London is a major Airbnb hub
Iakov Kalinin/123RF

Airbnb has come far from its humble beginnings. Launched as a site whereby people could list their homes and properties for short term stays by tourists, the company has since attracted big businesses and property management companies.

AirDNA estimates that the ratio between individual landlords and management businesses sits at 65:35. However, this balance may well change in the coming years if traditional property management companies decide to jump on the band wagon and share in the Airbnb success. AirDNA's CEO Scott Shatford confirmed to The Telegraph that Airbnb is "no longer a community just for individuals renting out their space or properties on their own."

The success of this particular landlord should come as no surprise as London is a very lucrative destination for Airbnb due to the huge influx of tourists wanting to get an authentic and more personal experience out of their stay. This lucky Londoner is followed by a landlord inBali who earns 11.8 million thanks to his 504-strong property tenure on the Indonesian island. Figures demonstrate that other key locations where landlords benefit from high revenues on property rentals include Cape Town, Paris and Sydney.